Coca Cola Co (KO) Up 0.85%, in a Downtrend Over Past 14 Days; Eyes 20 Day Average

The Hourly View for KO

Last Updated December 2, 2020, 12:22 GMT

At the time of this writing, KO’s price is up $0.25 (0.47%) from the hour prior. KO has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Coca Cola Co Daily Price Recap

Coca Cola Co’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 0.85% ($0.44). The change in price came along side change in volume that was down 56.09% from previous day, but up 10.41% from the Tuesday of last week. The daily price chart of Coca Cola Co below illustrates.


Coca Cola Co Technical Analysis

The first thing we should note is that Coca Cola Co is now close to its 20 day averages, located at 52.26 respectively, and thus may be at a key juncture along those timeframes. Volatility for Coca Cola Co has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 30 days Coca Cola Co’s price has gone up 17 them. Also, candlestick traders! Note we see doji pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to KO:

    Good morning my fellow monkeys.

    Current Status:

    Holding for a long time, shares from $SPCE (up 52%) and $PLTR (up 70%) Both of them making a 80% of my portfolio. I Will keep buying on red days. πŸ’°πŸ’

    For dividends I have $USA and $KO making the remaining 20%.

    2021 Will be an amazing year πŸ™πŸΎπŸ΅πŸŒ΄