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Uptrend ExhaustionArchive
- 4/19/2024 -
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Coca Cola Co. (KO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Coca Cola Co. (KO). During the week, the KO gained 1.89 points, or 3.24%, and closed at 60.17 on Friday, April 19, 2024. KO was trading at average weekly trading volume.
 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 trend support level is at 50.36 and resistance is at 62.59. 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 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 61.62 on February 23, 2024. KO gained -10.07 points, or -19.53%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 59.51 and resistance is at 61.78. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See KO weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 27, 2024 at 61.43 and reached 57.93 on April 16, 2024. KO lost 3.50 points, or 5.70%, in 20 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (57.51) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a short-term trend.
Daily Technical Indicators: [See KO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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