RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TAP
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Weaker technical forecast for Molson Coors Brewing Company as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.13% PDF

The Molson Coors Brewing Company stock price fell by -0.134% on the last day (Thursday, 28th Mar 2024) from $67.34 to $67.25. During the last trading day the stock fluctuated 1.22% from a day low at $66.94 to a day high of $67.76. The price has risen in 6 of the last 10 days and is up by 2% over the past 2 weeks. Volume has increased on the last day by 54 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, 1 million shares were bought and sold for approximately $80.03 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.92% during the next 3 months and, with a 90% probability hold a price between $67.57 and $74.01 at the end of this 3-month period.

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TAP Signals & Forecast

The Molson Coors Brewing Company 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 $67.18 and $64.18. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. 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 Brewing Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $62.11 and $62.07. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Molson Coors Brewing Company finds support just below today's level at $62.11. If this is broken, then the next support from accumulated volume will be at $62.07 and $61.29.

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 $0.81 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $65.27 (-2.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (TAP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Molson Coors Brewing Company to open at $67.32, and during the day (based on 14 day Average True Range), to move between $66.15 and $68.35, which gives a possible trading interval of +/-$1.10 (+/-1.63%) up or down from last closing price. If Molson Coors Brewing Company takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $67.47 (0.33%) than the support at $62.11 (7.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Molson Coors Brewing Company stock A Buy?

Molson Coors Brewing Company 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: 0.641 Hold/Accumulate Downgraded

Predicted Opening Price for Molson Coors Brewing Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$67.32 ( 0.0967%) $67.25

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

Trading levels for TAP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 68.13 1.31 %
R2 67.82 0.85 %
R1 67.63 0.560 %
Current price: 67.25
Support S1 67.00 -0.366 %
S2 66.81 -0.652 %
S3 66.50 -1.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 68.00 1.12 %
R2 67.67 0.625 %
R1 67.47 0.327 %
Current price 67.25
Support S1 62.11 -7.64%
S2 62.07 -7.70%
S3 61.29 -8.86%

TAP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Feb 29, 2024 Mar 15, 2024 $0.440 0.652%
2 Nov 09, 2023 Nov 30, 2023 Dec 15, 2023 $0.410 0.663%
3 Jul 13, 2023 Aug 31, 2023 Sep 15, 2023 $0.410 0.645%
4 May 18, 2023 Jun 01, 2023 Jun 15, 2023 $0.410 0.616%
5 Feb 20, 2023 Mar 02, 2023 Jun 15, 2023 $0.410 0.616%

FAQ

What is the symbol for Molson Coors Brewing Company Stock and on which exchange is it traded?
The symbol for Molson Coors Brewing Company is TAP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Molson Coors Brewing Company Stock?
Molson Coors Brewing Company 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 Molson Coors Brewing Company Stock?
Molson Coors Brewing Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Molson Coors Brewing Company Stock.

What's the current price of Molson Coors Brewing Company Stock?
As of the end of day on the 2024-03-28, the price of an Molson Coors Brewing Company (TAP) share was $67.25.

What is the 52-week high and low for Molson Coors Brewing Company Stock?
The 52-week high for Molson Coors Brewing Company Stock is $70.90 and the 52-week low is $51.41.

What is the market capitalization of Molson Coors Brewing Company Stock?
As of the 2024-03-28, the market capitalization of Molson Coors Brewing Company is 14.298B.

When is the next earnings date for Molson Coors Brewing Company?
The upcoming earnings date for Molson Coors Brewing Company is May 07, 2024.
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About Molson Coors Brewing Company

Molson Coors Brewing  Company Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is b... TAP Profile

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