COCA-COLA CO. - Daily - Technical analysis published on 03/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 55.77 USD
My targets
53.05 USD (-2.84%)
51.71 USD (-5.29%)
My analysis
COCA-COLA CO. is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 55.77 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 53.05 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 51.71 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 50.64 USD. Beware of a possible return to above the resistance located at 55.77 USD which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COCA-COLA CO. price is 54.60 USD. The price is lower by +2.08% since the last closing and was traded between 53.70 USD and 54.66 USD over the period. The price is currently at +1.68% from its lowest and -0.11% from its highest.53.70
54.66
54.60
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COCA-COLA CO.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COCA-COLA CO. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 51.71 | 53.05 | 54.38 | 54.60 | 55.77 | 57.01 | 58.86 |
| Change (%) | -5.29% | -2.84% | -0.40% | - | +2.14% | +4.41% | +7.80% |
| Change | -2.89 | -1.55 | -0.22 | - | +1.17 | +2.41 | +4.26 |
| Level | Major | Minor | Intermediate | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.77 | 50.68 | 52.08 | 52.99 | 54.39 | 55.30 | 56.70 |
| Camarilla | 52.86 | 53.07 | 53.28 | 53.49 | 53.70 | 53.91 | 54.13 |
| Woodie | 50.03 | 50.80 | 52.34 | 53.11 | 54.65 | 55.42 | 56.96 |
| Fibonacci | 50.68 | 51.56 | 52.10 | 52.99 | 53.87 | 54.41 | 55.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.89 | 46.74 | 50.11 | 54.96 | 58.33 | 63.18 | 66.55 |
| Camarilla | 51.23 | 51.98 | 52.74 | 53.49 | 54.24 | 55.00 | 55.75 |
| Woodie | 41.16 | 46.37 | 49.38 | 54.59 | 57.60 | 62.81 | 65.82 |
| Fibonacci | 46.74 | 49.88 | 51.82 | 54.96 | 58.10 | 60.04 | 63.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.45 | 46.52 | 50.00 | 55.07 | 58.55 | 63.62 | 67.10 |
| Camarilla | 51.14 | 51.92 | 52.71 | 53.49 | 54.27 | 55.06 | 55.84 |
| Woodie | 40.67 | 46.12 | 49.22 | 54.67 | 57.77 | 63.22 | 66.32 |
| Fibonacci | 46.52 | 49.78 | 51.80 | 55.07 | 58.33 | 60.35 | 63.62 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.18 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -33.61 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 57.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.69 | |
| Elder Ray (13): | -2.99 | |
| Super Trend (3,10): | 56.55 | |
| Zig ZAG (10): | 54.29 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 18.37 | |
| TEMA (21): | 56.07 | |
| Williams %R (14): | -68.07 | |
| Chande Momentum Oscillator (20): | -5.07 | |
| Repulse (5,40,3): | -1.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 8.95 |
| MA7: | 56.70 | |
| MA20: | 58.43 | |
| MA50: | 56.96 | |
| MA100: | 55.10 | |
| MAexp7: | 56.08 | |
| MAexp20: | 57.51 | |
| MAexp50: | 56.95 | |
| MAexp100: | 55.62 | |
| Price / MA7: | -3.70% | |
| Price / MA20: | -6.55% | |
| Price / MA50: | -4.14% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | -2.64% | |
| Price / MAexp20: | -5.06% | |
| Price / MAexp50: | -4.13% | |
| Price / MAexp100: | -1.83% |
News
The latest news and videos published on COCA-COLA CO. at the time of the analysis were as follows:
- Thinking about trading options or stock in Forty Seven, Intel Corp, Coca-Cola, Shopify, or UnitedHealth Group?
- Coca-Cola FEMSA Announces Initial Tender Results, Consent Solicitation Termination And Initial Settlement For Its Previously Announced Tender Offer And Consent Solicitation
- Coca-Cola FEMSA Announces Consideration For Its Previously Announced Tender Offer and Consent Solicitation
- Benioff Ocean Initiative and The Coca-Cola Foundation Announce $11 Million in Funding to Clean Up Rivers and Stem Flow of Waste to Oceans
- The Coca-Cola Company Announces Retirement of Ronald W. Allen from Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
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