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.
42.78
We found 2 important support areas.
When analyzing the resistance we notice 4 important areas.
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%)
ChartMill assigns a technical rating of 2 / 10 to TAP.
The current trend direction for MOLSON COORS BEVERAGE CO - B (TAP) is Bearish.
MOLSON COORS BEVERAGE CO - B (TAP) has an RSI value of 53.0474. This indicates that the stock is currently neutral.
The MACD indicator for MOLSON COORS BEVERAGE CO - B (TAP) has a value of 0.112958, indicating a bearish trend.
The short term momentum for MOLSON COORS BEVERAGE CO - B (TAP) is neutral.