MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
NYSE:TAP - New York Stock Exchange, Inc. - US60871R2094 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TAP. 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TAP is a bad performer in the overall market: 85% of all stocks are doing better.
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 46.94 - 50.38 range, which is quite wide. It is currently trading near the high of this range.
TAP has an average volume of 2727910 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 33 other stocks in this industry, TAP did better than 46% of them.
TAP has a bad technical rating, but it does show a decent setup pattern. 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 50.01. Right above this resistance zone may be a good entry point.
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.
4 important resistance areas can be observed.
- A resistance zone ranging from 50.01 to 50.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.77 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 | DOWN | NEGATIVE | The short term trend for TAP is down. |
| ChartMill Relative Strength | 15.11 | NEGATIVE | TAP has a low relative strength, it was outperformed by 84.89% 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) | 46.6 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests TAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.51 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 35.17 | 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)
49.68
+0.63 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg1.28%
1 Week0.26%
2 Weeks1.24%
1 Month0.12%
3 Month-15.44%
6 Month-10.05%
12 Month-5.19%
2 Year-28.79%
3 Year-16.85%
5 Year32.41%
10 Year-30.17%
15 Year10.38%
Volatility
ATR(14)1
ATR(20)%2.01%
ATR Inc-23.36%
Range Today0.89
ADR(20)0.99
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.11
Mansfield-1.8
10 Day High50.38
10 Day Low48.49
20 Day High50.38
20 Day Low46.94
52 Week High64.66
52 Week Low46.94
CS1 End47.43
CR1 Start50.01
Volume & EV
DER(3)1.58%
DER(5)1.87%
Volume2.10M
Volume Incr-31.43%
Vol(5)1.84M
Vol(50)2.73M