MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TAP - US60871R2094 - Common Stock
We assign a technical rating of 2 out of 10 to TAP. Recently some decent action could be observed, but in the medium term time frame this is still negative. TAP was also a bad performer in the overall market in the last year.
Although the technical rating is bad, TAP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.64. Right above this resistance zone may be a good entry point.
More info and screens
42.78
We found 2 important support areas.
- A support zone ranging from 45.74 to 46.24. This zone is formed by a combination of multiple trend lines and important moving averages 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 46.64 to 47.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.49 from a trend line in the daily time frame.
- A resistance zone ranging from 52.82 to 52.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.57 from a trend line in the weekly 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 | 19.33 | NEGATIVE | TAP has a low relative strength, it was outperformed by 80.67% 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) | UP | POSITIVE | The current price of TAP is above the rising 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) | 53.05 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.91 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for TAP suggests a weak or negative trend. |
46.5
-0.41 (-0.87%)
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 2 / 10 to TAP.
What is the trend direction for TAP stock?
The current trend direction for MOLSON COORS BEVERAGE CO - B (TAP) is Bearish.
What is the RSI signal for TAP stock?
MOLSON COORS BEVERAGE CO - B (TAP) has an RSI value of 53.0474. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MOLSON COORS BEVERAGE CO - B?
The MACD indicator for MOLSON COORS BEVERAGE CO - B (TAP) has a value of 0.112958, indicating a bearish trend.
What is the short term momentum for MOLSON COORS BEVERAGE CO - B (TAP) stock?
The short term momentum for MOLSON COORS BEVERAGE CO - B (TAP) is neutral.