TPX-A Technical Analysis - MOLSON COORS CANADA INC -A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to TPX-A. TPX-A 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.

61% of all other stocks performed better in the past year than TPX-A.

TPX-A is one of the lesser performing stocks in the Beverages industry. 66% of 10 stocks in the same industry do better.

In the last month TPX-A has a been trading in the 70.07 - 99.93 range, which is quite wide. It is currently trading near the lows of this range.

Warning: TPX-A has an average volume of 315 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

TPX-A is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TPX-A is lagging the market slightly.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOLSON COORS CANADA INC -A / TPX-A Weekly stock chart

MOLSON COORS CANADA INC -A / TPX-A Daily stock chart

Setup Rating and Analysis

The technical rating of TPX-A is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

56.99

95.74

We found 5 important support areas.

Support @70.50 from a horizontal line in the daily time frame.
Support @67.68 from a trend line in the weekly time frame.
Support @65.61 from a trend line in the weekly time frame.
Support @64.44 from a horizontal line in the weekly time frame.
Support @57.57 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 77.96 to 79.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @94.79 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 TPX-A.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TPX-A.CA is down.
ChartMill Relative Strength	39	NEUTRAL	TPX-A.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TPX-A.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TPX-A.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of TPX-A.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)	45.23	NEUTRAL	The RSI value for TPX-A.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.95	NEGATIVE	The MACD value suggests TPX-A.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.19	OVERSOLD	The low Stochastics value suggests TPX-A.CA may be oversold.
Average True Range in percent/ATR (20)	8.71	HIGH VOLATILITY	The high ATR as a percentage value for TPX-A.CA suggests high volalility.
Average Directional Index/ADX (14)	14.67	NEGATIVE	The low ADX value for TPX-A.CA suggests a weak or negative trend.