MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
NYSE:TAP - New York Stock Exchange, Inc. - US60871R2094 - Common Stock - Currency: USD
Taking everything into account, TAP scores 1 out of 10 in our technical rating. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
80% of all other stocks performed better in the past year 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.
In the last month TAP has a been trading in the 47.95 - 52.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TAP has an average volume of 2620090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TAP is part of the Beverages industry. There are 32 other stocks in this industry, TAP did better than 45% of them.
Volume is considerably higher in the last couple of days.
TAP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
46.76
64.52
We found 1 important support 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 50.24 to 51.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.09 from a horizontal line in the daily time frame.
- Resistance @59.44 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 | NEUTRAL | NEUTRAL | The short term trend for TAP is neutral. |
| ChartMill Relative Strength | 20.88 | NEGATIVE | TAP has a low relative strength, it was outperformed by 79.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAP is above 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) | 51.67 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.71 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.56 | NEUTRAL | The ADX value for TAP suggests a possible start of a new 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)
50.21
+0.99 (+2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg2.01%
1 Week1.8%
2 Weeks-3.59%
1 Month1.33%
3 Month-8.09%
6 Month-7.46%
12 Month-5.23%
2 Year-20.92%
3 Year-2.83%
5 Year33.4%
10 Year-26.26%
15 Year15.27%
Volatility
ATR(14)1.28
ATR(20)%2.39%
ATR Inc128.39%
Range Today1.72
ADR(20)1.17
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.88
Mansfield-1.72
10 Day High52.06
10 Day Low47.95
20 Day High52.15
20 Day Low47.95
52 Week High64.66
52 Week Low46.94
CS1 End47.43
CR1 Start50.24
Volume & EV
DER(3)0.38%
DER(5)0.06%
Volume3.74M
Volume Incr99.25%
Vol(5)4.22M
Vol(50)2.62M