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Archive
- 3/21/2025 -
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Molson Coors Brewing Company (TAP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Molson Coors Brewing Company (TAP). During the week, the TAP dropped -0.73 points, or -1.22%, and closed at 58.89 on Friday, March 21, 2025. Weekly volume was 87% above average.
TAP is a member of Consumer Staples Sector. Consumer Staples is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TAP long-term trend chart]
A long-term downtrend had started on July 26, 2023 at 70.90 and reached 49.19 on June 14, 2024. TAP lost 21.71 points, or 30.62%, in 46 weeks. The price is now at the 44.68% retracement level.
 Medium-term trend: [See TAP medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 51.91 and reached 64.66 on March 10, 2025. TAP gained -12.75 points, or -24.56%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 54.53 and resistance is at 66.99. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See TAP weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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.
The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See TAP short-term trend chart]
A short-term downtrend had started on March 10, 2025 at 64.66 and reached 57.72 on March 19, 2025. TAP lost 6.94 points, or 10.73%, in 9 days. The price is now at the 16.86% retracement level.
 Daily Technical Indicators: [See TAP daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 10, 2025. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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