RSI low/high Values: [ 25 - 75 ]
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AI Analysis of KO
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Coca-Cola stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 3.47% PDF

The Coca-Cola stock price gained 0.153% on the last trading day (Friday, 19th Jul 2024), rising from $65.19 to $65.29. During the last trading day the stock fluctuated 1.27% from a day low at $64.82 to a day high of $65.64. The price has risen in 6 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 80 thousand more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $694.02 million.

The stock lies in the upper part of a narrow and weak rising 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 $65.31 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.63% during the next 3 months and, with a 90% probability hold a price between $65.22 and $67.68 at the end of this 3-month period.

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KO Signals & Forecast

The Coca-Cola stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.31 and $63.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, July 09, 2024, and so far it has risen 4.15%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Coca-Cola stock

Coca-Cola finds support from accumulated volume at $62.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.82 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $62.06 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (KO) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Coca-Cola Company (The) to open at $65.25, and during the day (based on 14 day Average True Range), to move between $64.47 and $66.11, which gives a possible trading interval of +/-$0.82 (+/-1.26%) up or down from last closing price. If Coca-Cola Company (The) takes out the full calculated possible swing range there will be an estimated 2.52% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $62.77, some $2.52 (3.86%) from the current price of $65.29, our system finds the risk reward attractive.

Earnings coming up

Coca-Cola will release earnings BMO on Tuesday, July 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.80. We will update the financials statements for Coca-Cola, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.51% in the first trading day after earnings release.

Is Coca-Cola Company (The) stock A Buy?

Coca-Cola holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Coca-Cola Company (The) of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$65.25 ( 0.0613%) $65.29

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KO

Fibonacci Support & Resistance Levels

Level Price
R3 66.07 1.19%
R2 65.76 0.715%
R1 65.56 0.419%
Price 65.29
S1 64.94 -0.541%
S2 64.74 -0.84%
S3 64.43 -1.32%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 65.29
S1 62.77 -3.86%
S2 62.62 -4.09%
S3 61.74 -5.44%

KO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jun 14, 2024 Jul 01, 2024 $0.485 0.766%
2 Feb 15, 2024 Mar 14, 2024 Apr 01, 2024 $0.485 0.799%
3 Oct 19, 2023 Nov 30, 2023 Dec 15, 2023 $0.460 0.785%
4 Jul 19, 2023 Sep 14, 2023 Oct 02, 2023 $0.460 0.83%
5 Apr 26, 2023 Jun 15, 2023 Jul 03, 2023 $0.460 0.759%

FAQ

What is the symbol for Coca-Cola Stock and on which exchange is it traded?
The symbol for Coca-Cola is KO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Coca-Cola Stock?
Coca-Cola holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Coca-Cola Stock?
Coca-Cola Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Coca-Cola Stock.

What's the current price of Coca-Cola Stock?
As of the end of day on the Jul 19, 2024, the price of an Coca-Cola (KO) share was $65.29.

What is the 52-week high and low for Coca-Cola Stock?
The 52-week high for Coca-Cola Stock is $65.81 and the 52-week low is $51.55.

What is the market capitalization of Coca-Cola Stock?
As of the Jul 19, 2024, the market capitalization of Coca-Cola is 281.266B.

When is the next earnings date for Coca-Cola?
The upcoming earnings date for Coca-Cola is Jul 23, 2024.
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About Coca-Cola Company (The)

Coca-Cola The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant–based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells it... KO Profile

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