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Archive
- 12/20/2024 -
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Coca Cola Co. (KO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Coca Cola Co. (KO). During the week, the KO gave back -0.57 points, or -0.90%, and closed at 62.55 on Friday, December 20, 2024. Weekly volume was 99% above average.
 Long-term trend: [See KO long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 51.55 and reached 73.53 on September 4, 2024. KO gained -21.98 points, or -42.64%, in 47 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (66.36) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. KO may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See KO medium-term trend chart]
A medium-term downtrend had started on September 4, 2024 at 73.53 and reached 61.39 on November 15, 2024. KO lost 12.14 points, or 16.51%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 60.73 and resistance is at 62.86. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See KO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See KO short-term trend chart]
A short-term downtrend had started on December 12, 2024 at 63.92 and reached 62.28 on December 20, 2024. KO lost 1.64 points, or 2.57%, in 8 days. The price is now at the 16.46% retracement level.
 Daily Technical Indicators: [See KO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is above its signal line since November 19, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
5 |
| Industry |
Soft Drinks |
27 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
63.64 |
| High Date |
12/18/2024 |
| Low |
62.28 |
| Low Date |
12/20/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
63.92 |
| High Date |
12/12/2024 |
| Low |
62.28 |
| Low Date |
12/20/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
65.10 |
| High Date |
11/27/2024 |
| Low |
61.90 |
| Low Date |
12/04/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
62.86 |
| Support |
60.73 |
| High |
73.53 |
| High Date |
09/04/2024 |
| Low |
61.39 |
| Low Date |
11/15/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Support |
| Resistance |
80.34 |
| Support |
66.36 |
| Low |
51.55 |
| Low Date |
10/06/2023 |
| High |
73.53 |
| High Date |
09/04/2024 |
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