KEURIG DR PEPPER INC (NASDAQ:KDP) Technical Analysis observations.

Our stock screener has identified KEURIG DR PEPPER INC (NASDAQ:KDP) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:KDP.

What is the technical picture of NASDAQ:KDP telling us.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 8 out of 10 to KDP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KDP is only an average performer.

• The long and short term trends are both positive. This is looking good!
• KDP is one of the better performing stocks in the Beverages industry, it outperforms 78% of 33 stocks in the same industry.
• KDP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• When compared to the yearly performance of all other stocks, KDP outperforms 67% of them, which is more or less in line with the market.
• In the last month KDP has a been trading in a tight range between 33.21 and 34.41.

Check the latest full technical report of KDP for a complete technical analysis.

Why is NASDAQ:KDP a setup?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:KDP this score is currently 8:

KDP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 34.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.01, a Stop Loss order could be placed below this zone.

How can NASDAQ:KDP be traded?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Of course, there are many ways to trade or not trade NASDAQ:KDP and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.