The Daily View for Coca-Cola
- Currently, KO’s price is up $0.03 (0.06%) from the day prior.
- This move is a reversal from the day prior, which saw price move up.
- If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on Coca-Cola. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Coca-Cola’s hourly price chart is shown below.
The Daily View for Coca-Cola
- Currently, KO’s price is up $0 (0.01%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved down.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Below is a daily price chart of Coca-Cola.
Featured Coca-Cola Idea From TradingView
Below is a trading comment entitled Coca-Cola for the KO you may find interesting:
I like the chart set-up ahead of the results on Monday. The price has managed to rejoin the major Trend and could possibly flagging for a bounce. I think earnings will surprise which could get us back to 2021 highs quite quickly. I am happy to $53.00 with a stop loss just below that trend line on a weaker closing price.
— RobbyP
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