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Uptrend ExhaustionArchive
- 1/3/2025 -
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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 dropped -0.70 points, or -1.12%, and closed at 61.75 on Friday, January 3, 2025. Weekly volume was -22% below 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 (66.75) 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 price is near the trend resistance line (61.72). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index 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 61.53 on December 23, 2024. KO lost 2.39 points, or 3.74%, in 11 days. The price is now at the 9.21% 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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