MOLSON COORS BEVERAGE CO - B (TAP)

US60871R2094 - Common Stock

67.34  +0.44 (+0.66%)

After market: 66.3618 -0.98 (-1.45%)

Technical Rating and Analysis

9

Taking everything into account, TAP scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TAP has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
TAP is part of the Beverages industry. There are 33 other stocks in this industry. TAP outperforms 93% of them.
TAP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TAP is lagging the market slightly.
TAP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TAP has an average volume of 1735460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TAP did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Weekly and Daily overview Charts
TAP Weekly chart
TAP Daily chart
Setup Rating and Analysis

7

TAP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 65.54, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

57.48

68.01

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 63.50 to 65.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 59.73 to 61.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @58.06 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.45
Mansfield-0.73
10 Day High68.24
10 Day Low65.34
20 Day High68.24
20 Day Low61.52
52 Week High70.9
52 Week Low51.45
Performance
1 Week0.75%
2 Weeks1.71%
1 Month7.08%
3 Month10.01%
6 Month5.9%
12 Month30.3%
2 Year26.15%
3 Year31.65%
5 Year12.89%
10 Year14.41%
15 Year96.44%
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)64.19
LBB64.88
UBB68.56
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
68.2565.332.92 (4.28%)23.37%
An entry @68.25. This is a Buy Stop order right above the 10 day high.An exit @65.33. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.92 points, which is 4.28%.When investing 23.37% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TAP Daily chart

MOLSON COORS BEVERAGE CO - B

NYSE:TAP (3/27/2024, 8:04:00 PM)

After market: 66.3618 -0.98 (-1.45%)

67.34

+0.44 (+0.66%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.66%
1 Week0.75%
2 Weeks1.71%
1 Month7.08%
3 Month10.01%
6 Month5.9%
12 Month30.3%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.16
ATR(20)%1.71%
ATR Inc
Range Today0.7
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High68.24
10 Day Low65.34
20 Day High68.24
20 Day Low61.52
52 Week High70.9
52 Week Low51.45
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.26M
Volume Incr-26.22%
Vol(5)1.28M
Vol(50)1.74M