MOLSON COORS BEVERAGE CO - B (TAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TAP - US60871R2094 - Common Stock
We assign a technical rating of 2 out of 10 to TAP. In the past year, TAP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
TAP has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
42.78
We found 2 important support areas.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 46.53 to 48.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @57.02 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 | 24.1 | NEGATIVE | TAP has a low relative strength, it was outperformed by 75.9% 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) | 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) | 46.53 | NEUTRAL | The RSI value for TAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TAP has a negative trend. |
| Stochastics (14,3) | 39.77 | NEUTRAL | The Stochastics value for TAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for TAP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for TAP suggests a weak or negative trend. |
46.19
-0.12 (-0.26%)
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 2 / 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 46.5322. 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 45.27 and a resistance level at 46.53. Check the full technical report for our detailed analysis of TAP support and resistance levels.