COCA-COLA CO. - Daily - Technical analysis published on 05/24/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 62.37 USD
My targets
65.03 USD (+2.44%)
66.21 USD (+4.30%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 62.37 USD remains possible. It is advisable to trade COCA-COLA CO. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 62.37 USD. The next bullish objective for buyers is set at 65.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 66.21 USD. PS: if there is a bearish break in the support located at 62.37 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COCA-COLA CO. rating is 63.48 USD. On the day, this instrument gained +0.99% and was traded between 62.75 USD and 63.74 USD over the period. The price is currently at +1.16% from its lowest and -0.41% from its highest.62.75
63.74
63.48
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COCA-COLA CO. chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 55.98 | 60.92 | 62.37 | 63.48 | 65.03 | 66.21 |
| Change (%) | -11.81% | -4.03% | -1.75% | - | +2.44% | +4.30% |
| Change | -7.50 | -2.56 | -1.11 | - | +1.55 | +2.73 |
| Level | Major | Intermediate | Major | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.42 | 61.01 | 61.93 | 62.52 | 63.44 | 64.03 | 64.95 |
| Camarilla | 62.45 | 62.58 | 62.72 | 62.86 | 63.00 | 63.14 | 63.28 |
| Woodie | 60.60 | 61.09 | 62.11 | 62.60 | 63.62 | 64.11 | 65.13 |
| Fibonacci | 61.01 | 61.58 | 61.94 | 62.52 | 63.09 | 63.45 | 64.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.58 | 55.62 | 58.30 | 62.34 | 65.02 | 69.06 | 71.74 |
| Camarilla | 59.13 | 59.75 | 60.36 | 60.98 | 61.60 | 62.21 | 62.83 |
| Woodie | 50.90 | 55.28 | 57.62 | 62.00 | 64.34 | 68.72 | 71.06 |
| Fibonacci | 55.62 | 58.19 | 59.77 | 62.34 | 64.91 | 66.49 | 69.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.34 | 59.03 | 61.82 | 64.51 | 67.30 | 69.99 | 72.78 |
| Camarilla | 63.10 | 63.61 | 64.11 | 64.61 | 65.11 | 65.62 | 66.12 |
| Woodie | 56.39 | 59.06 | 61.87 | 64.54 | 67.35 | 70.02 | 72.83 |
| Fibonacci | 59.03 | 61.12 | 62.42 | 64.51 | 66.60 | 67.90 | 69.99 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.96 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -2.80 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 63.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 65.51 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 65.33 | |
| Zig ZAG (10): | 63.46 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 41.32 | |
| TEMA (21): | 62.52 | |
| Williams %R (14): | -43.60 | |
| Chande Momentum Oscillator (20): | -1.31 | |
| Repulse (5,40,3): | 1.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 5.32 |
| MA7: | 62.89 | |
| MA20: | 64.02 | |
| MA50: | 63.33 | |
| MA100: | 61.82 | |
| MAexp7: | 62.88 | |
| MAexp20: | 63.59 | |
| MAexp50: | 63.17 | |
| MAexp100: | 61.68 | |
| Price / MA7: | +0.94% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.95% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +2.92% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on COCA-COLA CO. at the time of the analysis were as follows:
- The Coca-Cola Company to Participate in Upcoming Investor Conferences
- FIFA World Cup™ Trophy Tour by Coca-Cola Kicks Off Global Journey in Dubai
- Thinking about trading options or stock in Alibaba, ConocoPhillips, GameStop, Coca-Cola, or Bank of America?
- Thinking about trading options or stock in Ford Motor, Coca-Cola, Teladoc Health, PayPal, or Comcast?
- Coca-Cola Board of Directors Declares Regular Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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