Coca-Cola Bottling Co. Consolidated Stock Forecast

Sell candidate since Dec 11, 2024 Gain 0.74%

The Coca-Cola Bottling Co. Consolidated stock price gained 0.738% on the last trading day (Thursday, 12th Dec 2024), rising from $1,271.33 to $1,280.71. During the last trading day the stock fluctuated 1.63% from a day low at $1,271.33 to a day high of $1,292.00. The price has fallen in 7 of the last 10 days and is down by -2.41% for this period. Volume fell on the last day by -16 thousand shares and in total, 18 thousand shares were bought and sold for approximately $23.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Coca-Cola Bottling Co. Consolidated stock with a 90% probability to be traded between $1,093.37 and $1,316.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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COKE Signals & Forecast

The Coca-Cola Bottling Co. Consolidated stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1,285.25. On a fall, the stock will find some support from the long-term average at approximately $1,242.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 26, 2024, and so far it has fallen -4.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Coca-Cola Bottling Co. Consolidated stock

Coca-Cola Bottling Co. Consolidated finds support from accumulated volume at $1,264.25 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 $20.67 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (COKE) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect Coca-Cola Bottling Co. Consolidated to open at $1,281.35, and during the day (based on 14 day Average True Range), to move between $1,251.72 and $1,309.70, which gives a possible trading interval of +/-$28.99 (+/-2.26%) up or down from last closing price. If Coca-Cola Bottling Co. Consolidated takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1,264.25 (1.29%) than the resistance at $1,299.60 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Coca-Cola Bottling Co. Consolidated stock A Buy?

Coca-Cola Bottling Co. Consolidated holds several negative signals and is within a wide and 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.

Current score: -1.474 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $1,281.35 ( 0.0497%).