MOLSON COORS BEVERAGE CO. - Daily - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 53.67 USD
My targets
50.82 USD (-4.71%)
38.20 USD (-28.37%)
My analysis
MOLSON COORS BREWING CO. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 53.67 USD. The next support located at 50.82 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 38.20 USD. Below this support, sellers could then target 31.54 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
4.5
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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
MOLSON COORS BREWING CO. rating 53.33 USD. On the day, this instrument gained +1.20% and was between 52.82 USD and 54.07 USD. This implies that the price is at +0.97% from its lowest and at -1.37% from its highest.52.82
54.07
53.33
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical analysis of MOLSON COORS BREWING CO. in Daily shows an overall bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.54 | 38.20 | 50.82 | 53.33 | 53.67 | 56.90 | 59.28 |
| Change (%) | -40.86% | -28.37% | -4.71% | - | +0.64% | +6.69% | +11.16% |
| Change | -21.79 | -15.13 | -2.51 | - | +0.34 | +3.57 | +5.95 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.43 | 51.89 | 52.30 | 52.76 | 53.17 | 53.63 | 54.04 |
| Camarilla | 52.48 | 52.56 | 52.64 | 52.72 | 52.80 | 52.88 | 52.96 |
| Woodie | 51.42 | 51.88 | 52.29 | 52.75 | 53.16 | 53.62 | 54.03 |
| Fibonacci | 51.89 | 52.22 | 52.42 | 52.76 | 53.09 | 53.29 | 53.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.70 | 53.88 | 55.36 | 57.54 | 59.02 | 61.20 | 62.68 |
| Camarilla | 55.83 | 56.17 | 56.50 | 56.84 | 57.18 | 57.51 | 57.85 |
| Woodie | 51.35 | 53.71 | 55.01 | 57.37 | 58.67 | 61.03 | 62.33 |
| Fibonacci | 53.88 | 55.28 | 56.14 | 57.54 | 58.94 | 59.80 | 61.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.02 | 46.96 | 49.84 | 54.78 | 57.66 | 62.60 | 65.48 |
| Camarilla | 50.57 | 51.29 | 52.00 | 52.72 | 53.44 | 54.15 | 54.87 |
| Woodie | 40.99 | 46.45 | 48.81 | 54.27 | 56.63 | 62.09 | 64.45 |
| Fibonacci | 46.96 | 49.95 | 51.79 | 54.78 | 57.77 | 59.61 | 62.60 |
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): | 33.45 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -16.22 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 55.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.52 | |
| Elder Ray (13): | -2.29 | |
| Super Trend (3,10): | 57.00 | |
| Zig ZAG (10): | 52.70 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 11.59 | |
| TEMA (21): | 54.22 | |
| Williams %R (14): | -89.77 | |
| Chande Momentum Oscillator (20): | -3.62 | |
| Repulse (5,40,3): | -2.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 5.11 |
| MA7: | 54.77 | |
| MA20: | 56.07 | |
| MA50: | 55.32 | |
| MA100: | 54.46 | |
| MAexp7: | 54.32 | |
| MAexp20: | 55.62 | |
| MAexp50: | 55.46 | |
| MAexp100: | 55.42 | |
| Price / MA7: | -2.63% | |
| Price / MA20: | -4.89% | |
| Price / MA50: | -3.60% | |
| Price / MA100: | -2.07% | |
| Price / MAexp7: | -1.82% | |
| Price / MAexp20: | -4.12% | |
| Price / MAexp50: | -3.84% | |
| Price / MAexp100: | -3.77% |
News
The last news published on MOLSON COORS BREWING CO. at the time of the generation of this analysis was as follows:
- Scott+Scott Attorneys at Law LLP Investigates Molson Coors Brewing Company's Directors and Officers for Breach of Fiduciary Duties - TAP
- WeissLaw LLP: Molson Coors Brewing Company is the Subject of a Legal Investigation
- Scott+Scott Attorneys at Law LLP Investigating Molson Coors Brewing Company's Directors and Officers for Breach of Fiduciary Duties - TAP
- LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Molson Coors Brewing Company To Contact The Firm
- Hagens Berman Alerts Molson Coors (NYSE: TAP) Investors to April 16, 2019 Lead Plaintiff Deadline in Securities Class Action Related to Admitted Improper Accounting
This member declared not having a position on this financial instrument or a related financial instrument.
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