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- 3/15/2024 -
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Coca Cola Co. (KO) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelPrice is close to the 50 Day Moving Average
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It was a first positive week for the Coca Cola Co. (KO). During the week, the KO climbed 0.36 points, or 0.60%, and closed at 59.88 on Friday, March 15, 2024. KO was trading at average weekly trading volume.

Long-term trend: [See KO long-term trend chart]
A long-term downtrend had started on April 25, 2022 at 67.20 and reached 51.55 on October 6, 2023. KO lost 15.65 points, or 23.29%, in 75 weeks. The price is now at the 53.23% retracement level.

Medium-term trend: [See KO medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 51.55 and reached 61.62 on February 23, 2024. KO gained -10.07 points, or -19.53%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (62.49) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See KO weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See KO short-term trend chart]
A short-term uptrend had started on March 8, 2024 at 58.97 and reached 61.21 on March 13, 2024. KO gained -2.24 points, or -3.80%, in 5 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See KO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.58
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 73.38
Greed/Fear Indicator (GFI) 51.60
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.65
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 58.97
Greed/Fear Indicator (GFI) 63.30
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Monthly Trendline Support 62.49
Monthly Trendline Resistance 62.07
Upper Bollinger Band 61.36
Daily Stochastic Crossing 60.60
Weekly Stochastic Crossing 60.43
20 Day Moving Average 60.24
50 Day Moving Average 59.99
Price 59.88
Parabolic System 59.18
Lower Bollinger Band 58.85
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Soft Drinks 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.97
Low Date 03/08/2024
High 61.21
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.62
High Date 02/23/2024
Low 58.97
Low Date 03/08/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 62.07
Support 62.49
Low 51.55
Low Date 10/06/2023
High 61.62
High Date 02/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.99
High Date 04/24/2023
Low 51.55
Low Date 10/06/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.20
High Date 04/25/2022
Low 51.55
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.