MOLSON COORS BEVERAGE CO - B (TAP)
US60871R2094 - Common Stock
Taking everything into account, TAP scores 4 out of 10 in our technical rating. In the last year, TAP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month TAP has a been trading in the 58.09 - 64.52 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
TAP is one of the better performing stocks in the Beverages industry, it outperforms 75% of 33 stocks in the same industry.
TAP has an average volume of 1809180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, TAP turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
TAP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TAP is lagging the market slightly.
Although the technical rating is only medium, TAP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 59.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
49.41
64.38
We found 6 important support areas.
- A support zone ranging from 58.31 to 59.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.34 from a trend line in the weekly time frame.
- Support @55.69 from a trend line in the daily time frame.
- Support @54.81 from a horizontal line in the daily time frame.
- Support @53.84 from a horizontal line in the daily time frame.
- Support @49.91 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 60.17 to 61.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 63.23 to 63.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.25
Mansfield-0.78
10 Day High62.13
10 Day Low58.09
20 Day High64.52
20 Day Low58.09
52 Week High69.18
52 Week Low49.19
Performance
1 Week-2.83%
2 Weeks-2.93%
1 Month-1.87%
3 Month8.9%
6 Month16.47%
12 Month-3.29%
2 Year15.18%
3 Year28.03%
5 Year10.09%
10 Year-20.37%
15 Year31.4%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.47
RSI(14)45.15
LBB58.19
UBB62.88
MOLSON COORS BEVERAGE CO - B
NYSE:TAP (12/20/2024, 8:04:00 PM)
After market: 59.17 -0.17 (-0.29%)59.34
+0.69 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg1.18%
1 Week-2.83%
2 Weeks-2.93%
1 Month-1.87%
3 Month8.9%
6 Month16.47%
12 Month-3.29%
2 Year15.18%
3 Year28.03%
5 Year10.09%
10 Year-20.37%
15 Year31.4%
Volatility
ATR(14)1.29
ATR(20)%2.14%
ATR Inc-24.9%
Range Today1.17
ADR(20)1.25
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.25
Mansfield-0.78
10 Day High62.13
10 Day Low58.09
20 Day High64.52
20 Day Low58.09
52 Week High69.18
52 Week Low49.19
CS1 End59.33
CR1 Start60.17
Volume & EV
DER(3)-0.16%
DER(5)0.23%
Volume4.91M
Volume Incr32.61%
Vol(5)2.31M
Vol(50)1.81M