Molson Coors Beverage Company Stock Forecast
Molson Coors Beverage Company stock downgraded to Sell Candidate
(Updated on Jun 26, 2024)
The Molson Coors Beverage Company stock price fell by -0.707% on the last day (Wednesday, 26th Jun 2024) from 50.79 лв to 50.43 лв. During the last trading day the stock fluctuated 1.27% from a day low at 50.43 лв to a day high of 51.07 лв. The price has risen in 5 of the last 10 days but is still down by -1.24% for this period. Volume has increased on the last day by 119 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 120 thousand shares were bought and sold for approximately 6.03 лв million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 50.87 лв will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.58% during the next 3 months and, with a 90% probability hold a price between 33.36 лв and 36.33 лв at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0K2K.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Molson Coors Beverage Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 50.75 лв and 53.69 лв. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Molson Coors Beverage Company stock
Molson Coors Beverage Company finds support from accumulated volume at 50.23 лв and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.641 лв between high and low, or 1.27%. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0K2K.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Molson Coors Beverage Company to open at 50.64 лв, and during the day (based on 14 day Average True Range), to move between 49.55 лв and 51.31 лв, which gives a possible trading interval of +/-0.88 лв (+/-1.75%) up or down from last closing price. If Molson Coors Beverage Company takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 50.23 лв (0.39%) than the resistance at 51.07 лв (1.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Molson Coors Beverage Company stock A Buy?
Molson Coors Beverage Company holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.764 Sell Candidate Downgraded
Predicted Opening Price for Molson Coors Beverage Company of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 50.64 лв ( 0.423%) | 50.43 лв |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0K2K.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.28 | 1.69% |
| R2 | 51.04 | 1.21% |
| R1 | 50.89 | 0.91% |
| Price | 50.43 | |
| S1 | 50.40 | -0.0618% |
| S2 | 50.25 | -0.362% |
| S3 | 50.00 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.97 | 7.02% |
| R2 | 53.01 | 5.12% |
| R1 | 51.07 | 1.26% |
| Price | 50.43 | |
| S1 | 50.23 | -0.394% |
| S2 | 49.93 | -0.99% |
| S3 | 49.42 | -2.00% |
0K2K Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 21, 2024 | 0.440 лв | 0.87% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | 0.440 лв | 0.655% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | 0.410 лв | 0.670% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | 0.410 лв | 0.650% |
| 5 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 0.410 лв | 0.662% |
FAQ
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