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Archive
- 8/7/2026 -
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Molson Coors Brewing Company (TAP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Molson Coors Brewing Company (TAP). During the week, the TAP gained 1.81 points, or 4.36%, and closed at 43.37 on Friday, August 7, 2026. It was the best weekly gain since June 26, 2026. Weekly volume was 10% above average.
 Long-term trend: [See TAP long-term trend chart]
A long-term downtrend had started on July 26, 2023 at 70.90 and reached 38.04 on June 4, 2026. TAP lost 32.86 points, or 46.35%, in 149 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 39.98 and resistance is at 56.93. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See TAP medium-term trend chart]
A medium-term uptrend had started on June 4, 2026 at 38.04 and reached 44.50 on August 6, 2026. TAP gained -6.46 points, or -16.98%, in 9 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (38.25) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See TAP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 17, 2026. This is an indication that the medium-term trend is up. 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 July 6, 2026 at 38.08 and reached 44.50 on August 6, 2026. TAP gained -6.42 points, or -16.86%, in 31 days. The price is now at the 17.60% retracement level.
Daily Technical Indicators: [See TAP daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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.
The daily MACD line is above its signal line since July 10, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
 Candlestick pattern: [See TAP candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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