MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
NYSE:TAP • US60871R2094
We assign a technical rating of 6 out of 10 to TAP. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TAP is a bad performer.
- 75% of all other stocks performed better in the past year than TAP.
- TAP is part of the Beverages industry. There are 33 other stocks in this industry, of which 75% are performing better than TAP.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- TAP has an average volume of 3063100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TAP is lagging the market.
- In the last month TAP has a been trading in the 46.30 - 54.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TAP has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
42.78
We found 3 important support areas.
- A support zone ranging from 47.24 to 47.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @45.27 from a horizontal line in the daily time frame.
- A support zone ranging from 43.21 to 44.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 52.81 to 53.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TAP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAP is neutral. |
| ChartMill Relative Strength | 25.35 | NEGATIVE | TAP has a low relative strength, it was outperformed by 74.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TAP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TAP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.73 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests TAP has a negative trend. |
| Stochastics (14,3) | 34.35 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.32 | NEUTRAL | The ADX value for TAP suggests a possible start of a new trend. |
49.47
-0.39 (-0.78%)
MOLSON COORS BEVERAGE CO - B / TAP FAQ
What is the ChartMill technical rating of MOLSON COORS BEVERAGE CO - B (TAP) stock?
ChartMill assigns a technical rating of 6 / 10 to TAP.
Can you provide the trend direction for MOLSON COORS BEVERAGE CO - B?
The current trend direction for MOLSON COORS BEVERAGE CO - B (TAP) is Bullish.
What is the RSI signal for TAP stock?
MOLSON COORS BEVERAGE CO - B (TAP) has an RSI value of 47.7311. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MOLSON COORS BEVERAGE CO - B?
MOLSON COORS BEVERAGE CO - B (TAP) has a support level at 47.86 and a resistance level at 52.81. Check the full technical report for our detailed analysis of TAP support and resistance levels.