The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/26/2024 -
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Coca Cola Co. (KO) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal lineTrend resistance at 62.54
Daily :Lane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Coca Cola Co. (KO). During the week, the KO gained 1.57 points, or 2.61%, and closed at 61.74 on Friday, April 26, 2024. Weekly volume was 17% above average.

Long-term trend: [See KO long-term trend chart]
A long-term downtrend had started on April 25, 2022 at 67.20 and reached 51.55 on October 6, 2023. KO lost 15.65 points, or 23.29%, in 75 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (62.54). 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 long-term trend.

Medium-term trend: [See KO medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 51.55 and reached 62.59 on April 25, 2024. KO gained -11.04 points, or -21.42%, in 28 weeks. The price is now at the 7.70% retracement level.

Weekly Technical Indicators: [See KO weekly technical indicators chart]
Weekly technical indicators are neutral.

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 KO short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 57.93 and reached 62.59 on April 25, 2024. KO gained -4.66 points, or -8.04%, in 9 days. The price is now at the 18.24% retracement level.

Daily Technical Indicators: [See KO daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. 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 Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.41
Williams' Percentage Range (W%R) 22.30
Lane's Stochastic (%D-Slow) 91.28
Strong Overbought
Greed/Fear Indicator (GFI) 79.79
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.68
Williams' Percentage Range (W%R) 20.30
Lane's Stochastic (%D-Slow) 45.33
Greed/Fear Indicator (GFI) 60.08
Moving Average Converg./Diverg. (MACD) 0.27
Trading Signals
Description Value Chart
Yearly Trendline Resistance 62.54
Upper Bollinger Band 62.38
Daily Stochastic Crossing 62.13
Price 61.74
50 Day Moving Average 60.08
Weekly Stochastic Crossing 59.76
20 Day Moving Average 59.74
Parabolic System 59.69
Lower Bollinger Band 57.88
Yearly Trendline Support 50.31
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Soft Drinks 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.93
Low Date 04/16/2024
High 62.59
High Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.93
Low Date 04/16/2024
High 62.59
High Date 04/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.93
Low Date 04/16/2024
High 62.59
High Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.55
Low Date 10/06/2023
High 62.59
High Date 04/25/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 62.54
Support 50.31
High 67.20
High Date 04/25/2022
Low 51.55
Low Date 10/06/2023
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.