Coca-Cola Company (The) Forecast and Stock Analysis
Technical KO stock analysis for March 18, 2019.
|Shorts||1.21% ( 2019-02-28 )|
Coca-Cola Company (The) gained 0.24% in the last trading day, rising from $45.30 to $45.41 The price has fallen in 7 of the last 10 days and is down by -0.53% for this period. Volume fell in the last day by -26.48 million shares, and in total, 20.78 million shares bought and sold for approximately $943.42 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the KO stock was $45.41. This is 0.24% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 0.71% from a day low at $45.36 to a day high of $45.68.
30 day high of the KO stock price was $46.34 and low was $44.42.
90 day high was $49.94 and low was $44.42.
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 -4.28% during the next 3 months and, with 90% probability hold a price between $42.01 and $46.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. Coca-Cola Company (The) holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $45.67 and $46.68. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Coca-Cola Company (The) finds support from accumulated volume at $45.30.
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 $0.32 (0.71%) between high and low. For the last week, the stock has had a daily average volatility of 1.03%.
Our recommended stoploss: $42.97 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Coca-Cola Company (The) holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.