Coca Cola Analysis / RSI divergence
Hello everyone, as we all know the market action discounts everything :)
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The KO stock has been doing great lately, where in the last 2 weeks the price jumped from $54.28 and reached $56.92 today almost a 5% increase.
Both the short-term and long-term trends are positive. This is a very positive sign.
KO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
KO has an average volume of 14981700. This is a good sign as it is always nice to have a liquid stock.
Possible Scenario for the market :
Looking at how the stock has been doing lately we notice a strong Bullish movement that will lead the stock to the first resistance line at $56.95, if the Bulls were able to push further and breakout that resistance then we could be seeing the stock reaching the $57.92 range by the end of the week.
In case they weren't able to breakout the first resistance then a correction wave will happen that will cause the price to drop back the support line at $56.13.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The MACD is above the 0 line indicating a Bullish market with a positive crossover between the MACD line and the Signal line
3) The RSI is 64.84 showing great strength. with a small Bullish divergences
Weekly Support & Resistance points :
support Resistance
1) 56.14 1) 57.03
2) 55.67 2) 57.45
3) 55.25 3) 57.92
Fundamental point of view :
Kepler Capital analyst Richard Withagen maintained a Buy rating on Coca-Cola (NYSE:KO) Europacific Partners on Tuesday, setting a price target of EUR59, which is approximately 17.15% above the present share price of $57.8.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Coca-Cola Europacific Partners, with an average price target of $66.65.
The analysts price targets range from a high of $76 to a low of $48.78.
Coca-Cola European Partners (NASDAQ:CCEP) Plc engages in the distribution and sale of ready-to-drink beverages. It operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The KO stock has been doing great lately, where in the last 2 weeks the price jumped from $54.28 and reached $56.92 today almost a 5% increase.
Both the short-term and long-term trends are positive. This is a very positive sign.
KO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
KO has an average volume of 14981700. This is a good sign as it is always nice to have a liquid stock.
Possible Scenario for the market :
Looking at how the stock has been doing lately we notice a strong Bullish movement that will lead the stock to the first resistance line at $56.95, if the Bulls were able to push further and breakout that resistance then we could be seeing the stock reaching the $57.92 range by the end of the week.
In case they weren't able to breakout the first resistance then a correction wave will happen that will cause the price to drop back the support line at $56.13.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The MACD is above the 0 line indicating a Bullish market with a positive crossover between the MACD line and the Signal line
3) The RSI is 64.84 showing great strength. with a small Bullish divergences
Weekly Support & Resistance points :
support Resistance
1) 56.14 1) 57.03
2) 55.67 2) 57.45
3) 55.25 3) 57.92
Fundamental point of view :
Kepler Capital analyst Richard Withagen maintained a Buy rating on Coca-Cola (NYSE:KO) Europacific Partners on Tuesday, setting a price target of EUR59, which is approximately 17.15% above the present share price of $57.8.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Coca-Cola Europacific Partners, with an average price target of $66.65.
The analysts price targets range from a high of $76 to a low of $48.78.
Coca-Cola European Partners (NASDAQ:CCEP) Plc engages in the distribution and sale of ready-to-drink beverages. It operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
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