Coca-Cola Company (The) Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||1.79% ( 2018-12-31 )|
|Cash||20 675.0 mill|
|Loans||47 685.0 mill|
Coca-Cola Company (The) gained 1.15% in the last trading day, rising from $47.72 to $48.27 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 1.66% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.08 million more shares were traded than the day before. In total, 11.37 million shares bought and sold for approximately $548.79 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the KO stock was $48.27. This is 1.15% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.34% from a day low at $47.65 to a day high of $48.29.
30 day high of the KO stock price was $48.29 and low was $45.66.
90 day high was $50.84 and low was $45.43.
52 week high for the Coca-Cola Company (The) - $50.84 and low - $41.45.
Coca-Cola Company (The) lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with 90% probability hold a price between $43.23 and $48.15 at the end of this period.
Coca-Cola Company (The) holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $47.47 and $47.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 09, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Coca-Cola Company (The) finds support from accumulated volume at $47.88.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.64 (1.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.13%.
Our recommended stoploss: $45.80 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 9 days ago.)
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Coca-Cola Company (The) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|KO $48.27 $0.55(1.15%)|
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