COCA-COLA CONSOLIDATED INC. - Daily - Technical analysis published on 11/18/2019 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 280.28 USD
My targets
262.10 USD (-4.69%)
244.04 USD (-11.26%)
My analysis
The bearish basic trend is very strong on COCA-COLA CONSOLIDATED INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 280.28 USD. Crossing the first support at 262.10 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 244.04 USD as an objective. Crossing it would then enable sellers to target 226.48 USD. Caution, a return to above the resistance located at 280.28 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
3.4
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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 CONSOLIDATED INC. price is 275.00 USD. The price registered a decrease of -0.11% on the session with the lowest point at 271.49 USD and the highest point at 276.28 USD. The deviation from the price is +1.29% for the low point and -0.46% for the high point.271.49
276.28
275.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of COCA-COLA CONSOLIDATED INC. in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 226.48 | 244.04 | 262.10 | 275.00 | 280.28 | 307.20 | 368.91 |
| Change (%) | -17.64% | -11.26% | -4.69% | - | +1.92% | +11.71% | +34.15% |
| Change | -48.52 | -30.96 | -12.90 | - | +5.28 | +32.20 | +93.91 |
| Level | Minor | Major | Major | - | 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 | 267.47 | 270.11 | 272.71 | 275.35 | 277.95 | 280.59 | 283.19 |
| Camarilla | 273.87 | 274.35 | 274.83 | 275.31 | 275.79 | 276.27 | 276.75 |
| Woodie | 267.45 | 270.10 | 272.69 | 275.34 | 277.93 | 280.58 | 283.17 |
| Fibonacci | 270.11 | 272.11 | 273.35 | 275.35 | 277.35 | 278.59 | 280.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 241.11 | 248.95 | 260.55 | 268.40 | 280.00 | 287.85 | 299.45 |
| Camarilla | 266.80 | 268.59 | 270.37 | 272.15 | 273.93 | 275.72 | 277.50 |
| Woodie | 242.98 | 249.89 | 262.43 | 269.34 | 281.87 | 288.79 | 301.32 |
| Fibonacci | 248.95 | 256.38 | 260.97 | 268.40 | 275.83 | 280.42 | 287.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 215.92 | 240.84 | 257.60 | 282.52 | 299.28 | 324.21 | 340.96 |
| Camarilla | 262.90 | 266.72 | 270.54 | 274.36 | 278.18 | 282.00 | 285.82 |
| Woodie | 211.84 | 238.80 | 253.52 | 280.48 | 295.20 | 322.16 | 336.88 |
| Fibonacci | 240.84 | 256.77 | 266.60 | 282.52 | 298.45 | 308.28 | 324.21 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.21 | |
| MACD (12,26,9): | -4.4600 | |
| Directional Movement: | -5.63 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 268.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 258.49 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 287.73 | |
| Zig ZAG (10): | 275.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 81.39 | |
| TEMA (21): | 270.47 | |
| Williams %R (14): | -16.02 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | 1.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 2.57 |
| MA7: | 272.86 | |
| MA20: | 273.06 | |
| MA50: | 286.05 | |
| MA100: | 301.71 | |
| MAexp7: | 273.46 | |
| MAexp20: | 275.58 | |
| MAexp50: | 286.20 | |
| MAexp100: | 292.55 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | -3.86% | |
| Price / MA100: | -8.85% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -3.91% | |
| Price / MAexp100: | -6.00% |
News
Don"t forget to follow the news on COCA-COLA CONSOLIDATED INC.. At the time of publication of this analysis, the latest news was as follows:
- Coke Consolidated Announces First Quarter Dividend
- Coca-Cola Bottling Co. Consolidated Reports Third Quarter 2016 Results
- Coca-Cola Recycle & Win to Refresh North Carolina, Virginia, and West Virginia Recycling Efforts
- Coca-Cola Bottling Co. Consolidated To Release Third Quarter 2016 Results
- Coke Consolidated Announces Fourth Quarter Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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