MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TAP • US60871R2094
We assign a technical rating of 5 out of 10 to TAP. TAP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 68% of all other stocks performed better in the past year than TAP.
- 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 45.51 - 50.70 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- TAP has an average volume of 3284190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- TAP is an average performer in the Beverages industry, it outperforms 40% of 33 stocks in the same industry.
Although the technical rating is only medium, TAP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 48.82, a Stop Loss order could be placed below this zone.
More info and screens
42.78
3 important support areas can be observed.
- A support zone ranging from 47.05 to 48.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 4 important resistance areas.
- Resistance @49.36 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 50.17 to 50.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @52.08 from a horizontal line in the daily time frame.
- Resistance @56.58 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 | NEUTRAL | NEUTRAL | The long term trend for TAP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAP is neutral. |
| ChartMill Relative Strength | 32.6 | NEUTRAL | TAP is not amongst the best or worst performers 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) | 56.75 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.03 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for TAP suggests a weak or negative trend. |
49.32
+0.89 (+1.84%)
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 5 / 10 to TAP.
Can you provide the trend direction for MOLSON COORS BEVERAGE CO - B?
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 56.7541. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MOLSON COORS BEVERAGE CO - B?
MOLSON COORS BEVERAGE CO - B (TAP) has a support level at 48.82 and a resistance level at 49.36. Check the full technical report for our detailed analysis of TAP support and resistance levels.