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 has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
TAP has an average volume of 2587320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TAP turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
TAP is an average performer in the Beverages industry, it outperforms 41% of 32 stocks in the same industry.
TAP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TAP is lagging the market slightly.
In the last month TAP has a been trading in the 51.10 - 58.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TAP has a poor technical rating and the quality of the setup is also 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
53.30
64.53
We found 1 important support area.
- A support zone ranging from 53.84 to 54.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @60.72 from a trend line in the weekly time frame.
- A resistance zone ranging from 62.06 to 62.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 63.88 to 63.89. This zone is formed by a combination of multiple trend lines 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 | 45.01 | NEUTRAL | TAP is not amongst the best or worst performers 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) | UP | MIXED | The current price of TAP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.36 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.7 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 34.17 | 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)
54.31
-1.33 (-2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-2.39%
1 Week0.27%
2 Weeks-2.11%
1 Month-5.21%
3 Month-7.77%
6 Month-7.82%
12 Month4%
2 Year-10.04%
3 Year-0.36%
5 Year46.58%
10 Year-24.18%
15 Year35.58%
Volatility
ATR(14)1.37
ATR(20)%2.35%
ATR Inc0.17%
Range Today1.49
ADR(20)1.2
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.01
Mansfield-0.35
10 Day High57.57
10 Day Low51.1
20 Day High58.65
20 Day Low51.1
52 Week High64.66
52 Week Low49.19
CS1 End54.28
CR1 Start60.72
Volume & EV
DER(3)1.78%
DER(5)3.03%
Volume3.32M
Volume Incr9.62%
Vol(5)2.78M
Vol(50)2.59M