Coca-Cola (KO) Closes Last Hour Up $0.02; in an Uptrend Over Past 14 Days, Breaks Above 200 Day Average, is Inching Close to 200 Day Average

The Hourly View for KO

Last Updated September 10, 2020, 15:6 GMT

At the time of this writing, KO’s price is down $-0.04 (-0.08%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Coca Cola Co Daily Price Recap

Coca Cola Co entered today at $50.19, up 0.76% ($0.38) from the previous day. This move happened on lower volume, as yesterday’s volume was down 17.96% from the day before — and down 11.19% from the same day the week before. Let’s take a look at the daily price chart of Coca Cola Co.


Coca Cola Co Technical Analysis

Notably, Coca Cola Co crossed above its 200 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 15 out of the past 30 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about KO:

    Enter $KO Jan 2022 Exp. $60 on as a starter position. Then if it retests the $50, gonna double up, triple up my contracts. and ride it till exp and shave off 1/3 for every level it breaks out at. So $ 54, $56 and break of ATH. Remember, this shit WILL test you. If you do want to pick up more. Pick up within first 5-10 minutes of the day. $KO LOVES to sell off at open then reverse back up. Almost every major day it has had lately, it sold off hella then made a V-Shaped recovery.