MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
NYSE:TAP - New York Stock Exchange, Inc. - US60871R2094 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to TAP. TAP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
86% of all other stocks performed better in the past year than TAP.
TAP is part of the Beverages industry. There are 32 other stocks in this industry, of which 61% are performing better than TAP.
TAP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TAP has an average volume of 2699370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TAP has a been trading in the 46.94 - 52.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of TAP is bad and it also does not present a quality setup 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
46.76
64.52
When analyzing the support we notice one important area.
- A support zone ranging from 47.23 to 47.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 49.45 to 49.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.78 from a trend line in the daily time frame.
- Resistance @59.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 62.06 to 62.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.88 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for TAP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAP is down. |
| ChartMill Relative Strength | 14.15 | NEGATIVE | TAP has a low relative strength, it was outperformed by 85.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.22 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests TAP has a positive trend. |
| Stochastics (14,3) | 49.7 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for TAP suggests low volalility. |
| Average Directional Index/ADX (14) | 50.63 | POSITIVE | The high ADX value value for TAP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
49.44
-0.1 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-0.2%
1 Week4.66%
2 Weeks1.29%
1 Month-6.31%
3 Month-19.15%
6 Month-10.55%
12 Month-1.08%
2 Year-29.14%
3 Year-17.26%
5 Year31.77%
10 Year-30.5%
15 Year9.84%
Volatility
ATR(14)1.04
ATR(20)%1.93%
ATR Inc-27.02%
Range Today0.67
ADR(20)0.94
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.15
Mansfield-1.9
10 Day High50
10 Day Low46.94
20 Day High52.71
20 Day Low46.94
52 Week High64.66
52 Week Low46.94
CS1 End47.43
CR1 Start49.45
Volume & EV
DER(3)0.49%
DER(5)1.54%
Volume1.47M
Volume Incr12.43%
Vol(5)2.91M
Vol(50)2.70M