10/27/204 - Sunday Night Analysis - KO - LongBased on Trend, Technical, Fundamental, and FVG.
Temporary Long.
KOCL trade ideas
Technical Analysis of Coca-Cola (KO)The stock ( KO ) is currently in a retracement phase from its all-time highs reached in September 2024, having momentarily paused at previous relative highs.
Given Coca-Cola’s long-term uptrend, we can identify several key support levels where the retracement may halt and resume its upward trajectory:
SUP 1 : The first support area could be the current level, marked as SUP 1.
SUP 2 : The second area is around $64, labeled as SUP 2. Analyzing the Volume Profile, we notice significantly higher volume levels here.
POC : Just below SUP 2, we find the POC (Point of Control) area in the Volume Profile, located around $60.
SUP 3 : Another support level, marked as SUP 3, is around $57.
In the worst-case scenario, a drop down to SUP 3 would represent a drawdown of around 20%. Historically, Coca-Cola has seen similar drawdowns of 15%-20% and even as much as 40% at times.
The final potential support area is between $54-$53, corresponding to a secondary peak in the Volume Profile and an area where the stock has previously found resistance. This scenario would reflect a drawdown of about 30%
An additional note: the SUP 2 and POC levels align precisely with the 0.382 and 0.618 levels of the Fibonacci Retracement indicator.
Coca-Cola’s Q3 Report:Strong Revenue Growth and Bullish OutlookCoca-Cola reported its third-quarter earnings on October 23, 2024, showcasing both resilience and the ongoing challenges posed by global economic conditions. Despite a slight decline in reported net revenue, the beverage giant managed to achieve growth in key areas, reflecting its ability to adapt to external pressures.
Key Takeaways from Q3 2024 Earnings
Revenue & Earnings Performance
Organic Revenue: Rose by 9%, showing strong core performance.
Reported Net Revenue: Fell by 1% to $11.9 billion, down from $11.95 billion a year ago, primarily due to currency fluctuations and increased operational costs.
Adjusted EPS: Increased by 5% to $0.77, driven by effective pricing strategies.
Reported EPS: Dropped by 7% to $0.66 due to currency headwinds and rising operational expenses.
Despite currency-related challenges, Coca-Cola’s strategic pricing adjustments helped offset inflationary pressures, leading to gains in adjusted earnings. However, operating income was negatively impacted by a 23% decline, attributed to restructuring costs and currency movements.
Regional Highlights
North America: Revenue surged by 12%, with smart pricing strategies effectively managing inflationary pressures. This region remained the strongest contributor to Coca-Cola's overall performance.
Latin America: Saw a remarkable 24% rise in organic revenue. However, severe currency devaluation caused a 20% negative impact on reported revenue, highlighting the global challenges the company continues to face.
Asia-Pacific: Reported revenues fell by 4%, though a 3% organic recovery signaled underlying demand despite regional economic difficulties.
China & Turkey: Sales volumes struggled, with ongoing economic pressures leading to a contraction in these markets.
Strategic Moves & Financial Challenges
One of the biggest hurdles this quarter was the impact of a $6 billion tax deposit related to litigation with the IRS, which significantly strained Coca-Cola’s cash flow. Despite this, Coca-Cola remains financially resilient, leveraging its strong foundation to withstand such pressures better than many other corporations.
Driving Growth Through Innovation & Partnerships
Coca-Cola continues to push forward with digital innovation and strategic partnerships:
2024 Summer Olympics: Coca-Cola’s collaboration generated over 42 million impressions for its smartwater brand, part of its broader strategy to integrate digital technologies.
AI & Data Analytics: Coca-Cola is increasingly using AI to optimize pricing, enhance operational efficiencies, and better target consumers, helping to manage costs and shape future strategies.
Future Outlook
Looking ahead, Coca-Cola is projecting a 10% growth in organic revenue for the full year of 2024. Despite ongoing currency headwinds expected to reduce EPS growth by 5%, the company is confident in its ability to navigate these challenges. Investments in digital transformation, brand expansion, and strategic adaptability are seen as key drivers for long-term success.
Technical Analysis: Potential Bullish Reversal
From a technical standpoint, the chart indicates a potential bullish seasonality ahead. A possible demand area has been identified, where large speculators may begin building long positions. Patience is essential, as traders wait for a confirmed reversal signal within this demand zone, potentially setting up for a long entry.
Conclusion
Coca-Cola’s Q3 performance underscores its ability to manage economic headwinds while pursuing growth opportunities. As it continues to invest in digital innovation, strategic partnerships, and product adaptability, the company remains well-positioned for sustained long-term growth. Traders and investors should keep an eye on the upcoming demand area for a potential bullish setup, aligning with the broader market's favorable seasonality.
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Coca-Cola (KO) Share Price Drops Sharply After Earnings ReportCoca-Cola (KO) Share Price Drops Sharply After Earnings Report
On 23 October, Coca-Cola (KO) released its third-quarter earnings, which exceeded forecasts:
→ Earnings per share (EPS): Actual = $0.77; Expected = $0.74
→ Gross revenue: Actual = $11.95 billion; Expected = $11.69 billion
Despite these positive results, KO's share price saw a sharp decline, likely due to market concerns about fourth-quarter sales forecasts, which face risks associated with currency fluctuations.
Technical Analysis of Coca-Cola (KO) Stock Chart:
→ In 2024, price fluctuations formed an upward channel (shown in blue), with a notable surge in early August (marked by a black arrow), even as broader markets were under pressure from recession fears and the decline of the Japanese stock market. This suggests that buyer interest around the $66 level remains strong.
→ Since then, the price has oscillated between $69 and $70.50, with these levels alternately serving as support and resistance (marked by blue arrows), as well as testing the upper boundary of the blue channel.
→ Currently, KO’s price sits near the midpoint of the blue channel, indicating potential support at this level, which could significantly slow the downward momentum observed post-earnings.
Furthermore, bulls may attempt to resume the upward trend within the blue channel, with $69 acting as a key level to test the strength of demand.
Analysts remain optimistic. According to TipRanks data:
→ 11 of 15 analysts recommend buying KO stock;
→ The average KO price target is $75.46 over the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
COCA COLA bottomed. Get ready for a +20% rally.Last time we looked at the Coca-Cola Company (KO) was at the end of the previous year (December 07 2023, see chart below), giving a buy signal, which eventually hit our $62.00 Target, even though it had to take longer than we expected:
This time, the price action is giving us yet again a very strong buy signal as the price rebounded yesterday exactly on the 0.236 Fibonacci retracement level of the 1-year Channel. At the same time, so did the 1W RSI, reversing upwards below its MA level, consistent with the previous two bottoms of April 12 2024 and October 06 2023.
Based on the lowest rally we had within this Channel, we expect Coca Cola to rise by at least +19.45%, setting our Target at $79.70.
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KO Stock: The Rocket Booster Strategy In 3 StepsWould you wait for 3 months in order to take profit?
Thats the biggest challenge am facing
with my trading systems
-
I would love to make money within 7 days, or 1 day..
but that's the reality of the trading systems
am designing
These picks are not day trading stocks
they are more like investment strategies.
Whether that's a good thing or not
am not sure but that's what I have and
its very hard because online you will find people
selling day trading gains
that's okay am not hating.Its just that I wish
I had learned a day trading system
The advantage of investing is that
its slow and more reliable also its safer.
Look at this chart NYSE:KO
its following the next 3 steps:
#1-The price is above the 50 EMA
#2-The price is above the 200 EMA
#3-The price is in an uptrend
These 3 steps are called the rocket booster strategy
used for trend analysis
also, notice below that the MACD indicator is about to give
you a buy signal.
Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money
Whether you like it or not
please learn risk management and profit taking strategies.
Following KO to get the entry pointKO is on the road of establishes new pivoint point if KO complete the red flat chart.
Stop loss: 71.46
A long stop has been placedAs you can see in the chart:
The trend moves from the bottom left to the top right, which is bullish. We are above all SMAs, which are beautifully aligned. The correction seems to have exhausted its downward potential. Therefore, I've placed a buy stop above the recent highs. If those highs are broken to the upside, I expect another strong long impulse, possibly extending until the next earnings report.
KO (Coca-Cola): Ready to Bid on the PullbackIn our last analysis on Coca-Cola, we discussed waiting for the right opportunity to bid on $KO. We believe that opportunity has just presented itself. The stock has seen a solid surge over the past month, which is impressive for a defensive stock like Coca-Cola. The price has now tapped the trendline we mentioned previously, suggesting a possible chance to long the intra wave ((iv)). The RSI is currently heavily overbought, which further aligns with our expectation of a pullback, and Coca-Cola has also respected the 161.8% Fibonacci level quite well so far.
Our plan involves making two entries for this setup. First, we aim to bid at the 38.2% level within the support zone, and if the price continues downward, we will place a second bid at the golden pocket level around $61.24. This two-step entry strategy will allow us to use Dollar Cost Averaging (DCA) to lower our average entry price.
Ideally, before reaching our target entry zones, we would like to see some kind of a three-wave corrective structure develop in NYSE:KO , which would further confirm our entry strategy. We will continue to monitor and provide updates as we approach the levels of interest.
Coca-Cola's Bull Run Intensifies: Pole & Flag Breakout Expected!The chart shows that the stock price encountered resistance near the $65 level, subsequently dropping to $52, where it found support.
After rebounding from this support, the price began to rise, successfully breaking through the Inverted Head & Shoulders pattern that had formed during the consolidation phase.
Following this breakout, the price entered another consolidation period, created an Ascending Triangle Pattern.
With another breakout, the stock price surged to an all-time high of $73.5 before experiencing a pullback.
A bullish Pole & Flag pattern has emerged on the chart, signaling a potential continuation of the upward trend.
It is expected that the price will break through this pattern and reach new highs in the near future.
KO - 4h - Trading IdeaA break below support could signal a further drop in the stock.
Coca-Cola Co (NYSE: KO) saw its rapid rise halt at 73.00 USD, with the price now consolidating within a range of 70.30 to 72.30 USD.
Every time the price approaches resistance at 72.30 USD, buyers seem to fade, resulting in a pullback.
If investors start locking in profits on a larger scale, the 70.30 USD support may break, potentially driving the price down to 68.00 USD.
still waiting for the DJI c waveconfirmation is definitely needed, but the situation is good at the moment NYSE:KO
The Coca-Cola Company. Just Coke it!Coca-Cola (KO) will likely post "solid" Q2 results next week as it benefits from "best in-class" organic growth, UBS said in an earnings preview emailed Tuesday.
The firm said it expected the company to book $0.79 in Q2 earnings per share.
UBS also expects the company to follow its recent historical pattern of increasing organic revenue and EPS growth guidance after it posts its Q2 results.
The firm said it expects Coca-Cola to achieve 8.9% in organic revenue growth, in line with consensus and at the high end of the company's guidance of 8% to 9%.
UBS added that it does not think the "bar has shifted" for the company in the context of a more challenged Q2 for rival PepsiCo (PEP) . Instead, the firm said that global beverage volume performance and pricing in North America were either in line or better than expected.
UBS has a buy rating on the company's stock with a price target of $74.
Consumer staples Go higher, break up 52-weeks highs
In fundamental terms, The Coca-Cola likely will be benefited by lower interest rates, while in technical terms it has just set new 52-weeks highs.
In long-term Coca-Cola shares follow above 5-years SMA for a 15th consecutive year in a row.
KO Long PositionHi traders,
Turning our attention to The Coca-Cola Company (KO), we can observe a recent downtrend that has been respected until recently, with a notable retest in mid-May. Despite this, I believe there will be a bullish reversal as the price breaks above this trendline again, potentially reaching new highs.
Coca-Cola, a global leader in the beverage industry, maintains robust brand equity and widespread market presence through strategic expansions and innovative product offerings. The recent retest of the stock above the downtrend line suggests a shift in market dynamics, but all in all favors a bullish sentiment.
As KO approaches and potentially breaks above this downsloping trendline, it could signal a bullish reversal. This setup may present an opportunity to enter a long position, anticipating further upside momentum.
Take Profit: 64.93
Final Target: 67.24
Coca-Cola Long PositionDear Traders,
Our analysis of the Coca-Cola(KO) stock chart suggest a short-term decline before reacing our target price. The stock is currently near the upper boundary of a rising channel, indicating potential resistance and likely pullback.
We anticipate the price may drop further before the bounce.
Additionally, the RSI indicates the stock was overbought and is now correcting, supporting our expectation of a short-term decline followed by an upward move.
Thank you for your attention.
Coca-Cola (KO): Strength in Uncertain TimesAfter not taking a look at Coca-Cola for quite a while, it's definitely worth analyzing. As one of the biggest assets in the stock market, Coca-Cola seems to have the most resistance with a relatively low risk/return profile, making it very interesting in times of uncertainty. A shift from risk-on assets to risk-off assets could happen easily. Just by looking at the latest rise, we can see that while there was a big sell-off in all stocks, NYSE:KO only fell by about 1.2%. This showcases the strength I am talking about.
After finishing Waves 1 and 2, we got the structure shift for a possible bullish rise. Because the intra-waves aren't very clear on NYSE:KO , we are looking at it from mostly the market structure perspective. Two points are highly interesting: the 3D POC just above the 3D Demand at around $60 and the Weekly Demand at $54.
We are looking for a possible long bid on Coca-Cola but will wait for the opportunity to come. When it does, we will share it with you, of course. 🤝
Buy Coca-ColaShort Term Trading Advice by Naranj Capital
Buy Coca-Cola
● Buy Range- 63 - 63.5
● Target- 66 - 66.5
● StopLoss- 62
● Potential Return- 4-5%
● Duration- 12-14 Trading Days
KO longKO has upper breakout of the channel and now sitting in accumulation zone. Suppose the trend continuation. Two potential targets that i see are on chart.
DYOR
Bitcoin new all time highs inboundI had the thought that #BTC has been moving like a slow old dinosaur stock trying to break all time highs so I pulled up a comparison with NYSE:KO
The NYSE:KO weekly chart when it broke to new all time highs this year is identical to the #BTC daily chart
The exact same price action occurred over a completely different timeline
✅ Initial strong breakout to respective all-time highs
✅ 20%+ pullback and retest of the initial breakout area
✅ 20%+ bounce from the pullback
✅ Multiple lower highs and failure to reach new ATHs
✅ Retest of the 20% pullback
✅ Double bottom confirmation
✅ Tight range consolidation
✅ NYSE:KO all time highs
⏳ COINBASE:BTCUSD Bitcoin all time highs
KO: Buy ideaBuy idea on KO as you can see on the chart because we have the breakout with force the vwap and the resistance line by a big green candle.
KO short ideaas you see on chart we can built short setup because stoch rsi overbought and this stock still in downtrend.
COCA COLA : Resistance break Hello there,
KO IDEA.
2 years of consolidation break this month.
Target is 85-87 $
Best enter : retest of the trend
Safe enter : Ath Break and retest
Good luck
Coca-Cola: Keep Going! In the short term, KO should still climb higher with the current blue wave (y). After the high, we expect another downward move, but ultimately, the resistance at $63.76 should be exceeded again. It is important for the support at $57.93 to hold for our scenario to remain valid.
