The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/8/2026 -
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Coca Cola Co. (KO) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :
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It was the negative week for the Coca Cola Co. (KO). During the week, the KO gave back -0.16 points, or -0.20%, and closed at 78.42 on Friday, May 8, 2026. Weekly volume was -17% below average.

KO is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See KO long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 51.55 and reached 82.00 on February 27, 2026. KO gained -30.45 points, or -59.07%, in 125 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (69.77) 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 long-term trend.

Medium-term trend: [See KO medium-term trend chart]
A medium-term uptrend had started on September 29, 2025 at 65.35 and reached 82.00 on February 27, 2026. KO gained -16.65 points, or -25.48%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 69.61 and resistance is at 89.04. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since April 10, 2026. The distance between MACD and the signal line is low and getting smaller. 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 April 22, 2026 at 74.55 and reached 80.32 on April 28, 2026. KO gained -5.77 points, or -7.74%, in 6 days. The price is now at the 32.93% retracement level.

Daily Technical Indicators: [See KO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 27, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.70
Williams' Percentage Range (W%R) 30.40
Lane's Stochastic (%D-Slow) 58.70
Greed/Fear Indicator (GFI) 64.33
Moving Average Converg./Diverg. (MACD) 0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.09
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 39.79
Greed/Fear Indicator (GFI) 55.41
Moving Average Converg./Diverg. (MACD) 1.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 89.04
Upper Bollinger Band 80.63
Daily Stochastic Crossing 78.83
Price 78.42
50 Day Moving Average 76.98
20 Day Moving Average 76.95
Weekly Stochastic Crossing 76.55
Parabolic System 75.83
Yearly Trendline Resistance 75.80
Monthly Trendline Resistance 75.51
Monthly Trendline Support 74.85
Lower Bollinger Band 74.36
Yearly Trendline Support 69.77
Quarterly Trendline Support 69.61
Sector and Industry
Description Name Rank
Sector Consumer Staples 2
Industry Soft Drinks 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.33
High Date 05/06/2026
Low 78.10
Low Date 05/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.55
Low Date 04/22/2026
High 80.32
High Date 04/28/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 75.51
Support 74.85
High 82.00
High Date 02/27/2026
Low 74.07
Low Date 03/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 89.04
Support 69.61
Low 65.35
Low Date 09/29/2025
High 82.00
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 75.80
Support 69.77
Low 51.55
Low Date 10/06/2023
High 82.00
High Date 02/27/2026
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.