COCA-COLA CO.
COCA-COLA CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: KO
ISIN:

COCA-COLA CO. - Weekly - Technical analysis published on 05/31/2022 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 55.98 USD
My targets
67.30 USD (+4.05%)
69.99 USD (+8.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COCA-COLA CO. as long as the price remains well above 55.98 USD. The buyers' bullish objective is set at 67.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69.99 USD. If there is any crossing, the next objective would be the resistance located at 72.78 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The COCA-COLA CO. rating is 64.68 USD. Over 5 days, this instrument gained +1.03% with the lowest point at 64.14 USD and the highest point at 64.83 USD. The deviation from the price is +0.84% for the low point and -0.23% for the high point.

64.14
64.83
64.68

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Weekly of this COCA-COLA CO. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly



The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Weekly



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 40.35 45.44 55.98 64.68 66.21
Change (%) -37.62% -29.75% -13.45% - +2.37%
Change -24.33 -19.24 -8.70 - +1.53
Level Minor Intermediate Major - 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
Standard63.5863.8664.2764.5564.9665.2465.65
Camarilla64.4964.5564.6264.6864.7464.8164.87
Woodie63.6563.8964.3464.5865.0365.2765.72
Fibonacci63.8664.1264.2964.5564.8164.9865.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.5855.6258.3062.3465.0269.0671.74
Camarilla59.1359.7560.3660.9861.6062.2162.83
Woodie50.9055.2857.6262.0064.3468.7271.06
Fibonacci55.6258.1959.7762.3464.9166.4969.06


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard56.3459.0361.8264.5167.3069.9972.78
Camarilla63.1063.6164.1164.6165.1165.6266.12
Woodie56.3959.0661.8764.5467.3570.0272.83
Fibonacci59.0361.1262.4264.5166.6067.9069.99

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 59.33
MACD (12,26,9): 1.9800
Directional Movement: -2.62
AROON (14): 50.00
DEMA (21): 64.74
Parabolic SAR (0,02-0,02-0,2): 67.05
Elder Ray (13): 0.28
Super Trend (3,10): 58.75
Zig ZAG (10): 64.68
VORTEX (21): 1.0400
Stochastique (14,3,5): 66.40
TEMA (21): 65.06
Williams %R (14): -24.85
Chande Momentum Oscillator (20): 2.59
Repulse (5,40,3): 1.2000
ROCnROLL: 1
TRIX (15,9): 0.5200
Courbe Coppock: 12.26
MA7: 62.99
MA20: 63.89
MA50: 63.62
MA100: 61.98
MAexp7: 63.79
MAexp20: 62.06
MAexp50: 58.54
MAexp100: 54.89
Price / MA7: +2.68%
Price / MA20: +1.24%
Price / MA50: +1.67%
Price / MA100: +4.36%
Price / MAexp7: +1.40%
Price / MAexp20: +4.22%
Price / MAexp50: +10.49%
Price / MAexp100: +17.84%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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