MOLSON COORS BEVERAGE CO - B (TAP) Technical Analysis
NYSE:TAP • US60871R2094
Current stock price
42.44 USD
-0.43 (-1%)
At close:
42.44 USD
0 (0%)
After Hours:
TAP Technical Rating and Analysis
Taking everything into account, TAP scores 1 out of 10 in our technical rating. TAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 86% of all other stocks performed better in the past year than TAP.
- TAP is one of the lesser performing stocks in the Beverages industry. 65% of 33 stocks in the same industry do better.
- TAP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TAP has a been trading in the 41.91 - 45.52 range, which is quite wide. It is currently trading near the lows of this range.
- TAP has an average volume of 3121450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TAP Weekly and Daily overview Charts
TAP Setup Rating and Analysis
TAP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
TAP Support and Resistance Analysis
40.74
53.34
When analyzing the support we notice one important area.
- A support zone ranging from 41.15 to 41.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 45.06 to 45.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.33 from a horizontal line in the daily time frame.
- Resistance @51.46 from a trend line in the weekly time frame.
- A resistance zone ranging from 52.81 to 52.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
TAP Technical Indicator Signal Analysis
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 | 14.43 | NEGATIVE | TAP has a low relative strength, it was outperformed by 85.57% 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) | 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) | 39.82 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TAP has a negative trend. |
| Stochastics (14,3) | 9.33 | OVERSOLD | The low Stochastics value suggests TAP may be oversold. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.66 | POSITIVE | The high ADX value value for TAP suggests a strong trend. |
TAP Chart- and CandleStick Pattern Analysis
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)
TAP Technicals: Chart, Performance Metrics, Trend & Indicators
42.44
-0.43 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-1%
1 Week-4.82%
2 Weeks-5.79%
1 Month1.26%
3 Month-14%
6 Month-6.6%
12 Month-25.28%
2 Year-25.88%
3 Year-28.65%
5 Year-22.77%
10 Year-55.62%
15 Year-12.94%
Volatility
ATR(14)1.11
ATR(20)%2.61%
ATR Inc-11.87%
Range Today1.34
ADR(20)1.09
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.43
3 months CRS20.4
6 months CRS30.55
Mansfield-2.02
10 Day High45.12
10 Day Low41.91
20 Day High45.52
20 Day Low41.91
52 Week High58.01
52 Week Low41.04
CS1 End41.39
CR1 Start45.06
Volume & EV
DER(3)-0.63%
DER(5)-2.06%
Volume2.96M
Volume Incr-4.31%
Vol(5)2.73M
Vol(50)3.12M
MOLSON COORS BEVERAGE CO - B / TAP TA FAQ
What is the ChartMill technical rating of MOLSON COORS BEVERAGE CO - B (TAP) stock?
ChartMill assigns a technical rating of 1 / 10 to TAP.
What is the current trend direction of MOLSON COORS BEVERAGE CO - B (TAP) stock?
The current trend direction for MOLSON COORS BEVERAGE CO - B (TAP) is Bearish.
What is the RSI signal for MOLSON COORS BEVERAGE CO - B (TAP) stock?
MOLSON COORS BEVERAGE CO - B (TAP) has an RSI value of 39.8222. This indicates that the stock is currently neutral.
What is the short term momentum for TAP stock?
The short term momentum for MOLSON COORS BEVERAGE CO - B (TAP) is negative.
What is the buy/sell signal for MOLSON COORS BEVERAGE CO - B (TAP) stock?
The buy/sell signal for MOLSON COORS BEVERAGE CO - B (TAP) is sell as both the short term and long term trends are negative.