The Greedy Trader Weekly Analysis
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- 7/24/2026 -
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Molson Coors Brewing Company (TAP) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldWeekly  MACD line has moved above its signal lineTrend support at 40.18
Daily :Bearish Downside Tasuki Gap Candlestick
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It was a second consecutive positive week for the Molson Coors Brewing Company (TAP). During the week, the TAP climbed 0.02 points, or 0.05%, and closed at 40.95 on Friday, July 24, 2026. Weekly volume was -25% below average.

Long-term trend: [See TAP long-term trend chart]
A long-term downtrend had started on July 26, 2023 at 70.90 and reached 38.04 on June 4, 2026. TAP lost 32.86 points, or 46.35%, in 149 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (40.18) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See TAP medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 54.82 and reached 38.04 on June 4, 2026. TAP lost 16.78 points, or 30.61%, in 16 weeks. The price is now at the 17.34% retracement level.

Weekly Technical Indicators: [See TAP weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See TAP short-term trend chart]
A short-term uptrend had started on July 6, 2026 at 38.08 and reached 43.06 on July 17, 2026. TAP gained -4.98 points, or -13.08%, in 11 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.78 and resistance is at 44.37. 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 short-term trend.

Daily Technical Indicators: [See TAP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 10, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Candlestick pattern: [See TAP candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.06
Williams' Percentage Range (W%R) 60.60
Lane's Stochastic (%D-Slow) 53.64
Greed/Fear Indicator (GFI) 51.02
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.06
Williams' Percentage Range (W%R) 81.20
Oversold
Lane's Stochastic (%D-Slow) 34.55
Greed/Fear Indicator (GFI) 33.74
Moving Average Converg./Diverg. (MACD) -1.93
Trading Signals
Description Value Chart
Weekly Trendline Resistance 44.37
Upper Bollinger Band 42.31
Price 40.95
Daily Stochastic Crossing 40.78
50 Day Moving Average 40.30
Yearly Trendline Support 40.18
20 Day Moving Average 39.97
Weekly Stochastic Crossing 39.84
Weekly Trendline Support 39.78
Parabolic System 39.52
Lower Bollinger Band 38.24
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Brewers 14
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 39.67
Low Date 07/23/2026
High 41.08
High Date 07/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 44.37
Support 39.78
Low 38.08
Low Date 07/06/2026
High 43.06
High Date 07/17/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.82
High Date 02/12/2026
Low 38.04
Low Date 06/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.66
High Date 03/10/2025
Low 38.04
Low Date 06/04/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 57.13
Support 40.18
High 70.90
High Date 07/26/2023
Low 38.04
Low Date 06/04/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.