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Archive
- 1/15/2021 -
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Molson Coors Brewing Company (TAP) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the Molson Coors Brewing Company (TAP). During the week, the TAP gained 3.04 points, or 6.14%, and closed at 52.54 on Friday, January 15, 2021. TAP was trading at average weekly trading volume.
 Long-term trend: [See TAP long-term trend chart]
A long-term downtrend had started on October 14, 2016 at 112.19 and reached 32.11 on September 24, 2020. TAP lost 80.08 points, or 71.38%, in 205 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (27.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. TAP may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See TAP medium-term trend chart]
A medium-term uptrend had started on September 24, 2020 at 32.11 and reached 53.72 on January 14, 2021. TAP gained -21.61 points, or -67.30%, in 16 weeks. The price is now at the 5.46% retracement level.
 Weekly Technical Indicators: [See TAP weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 24, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See TAP short-term trend chart]
A short-term uptrend had started on January 7, 2021 at 48.68 and reached 53.72 on January 14, 2021. TAP gained -5.04 points, or -10.35%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See TAP daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since January 5, 2021. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
3 |
| Industry |
Brewers |
122 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
48.68 |
| Low Date |
01/07/2021 |
| High |
53.72 |
| High Date |
01/14/2021 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
48.68 |
| Low Date |
01/07/2021 |
| High |
53.72 |
| High Date |
01/14/2021 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
43.91 |
| Low Date |
12/22/2020 |
| High |
53.72 |
| High Date |
01/14/2021 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
32.11 |
| Low Date |
09/24/2020 |
| High |
53.72 |
| High Date |
01/14/2021 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
15.31 |
| Support |
27.35 |
| High |
112.19 |
| High Date |
10/14/2016 |
| Low |
32.11 |
| Low Date |
09/24/2020 |
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