MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TAP - US60871R2094 - Common Stock
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.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 46.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TAP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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42.78
3 important support areas can be observed.
- A support zone ranging from 46.09 to 46.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @45.27 from a horizontal line 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 2 important areas.
- A resistance zone ranging from 46.73 to 48.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @57.13 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 | 26.45 | NEGATIVE | TAP has a low relative strength, it was outperformed by 73.55% 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 | MIXED | The current price of TAP is above 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) | 50.04 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.7 | 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) | 16.38 | NEGATIVE | The low ADX value for TAP suggests a weak or negative trend. |
46.61
+0.19 (+0.41%)
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 1 / 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 50.0374. 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 -0.114975, 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.