Coca-Cola Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Coca-Cola

  • At the moment, KO’s price is down $-0.01 (-0.02%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Coca-Cola has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Of note is that the 20 hour changed directions on KO; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Coca-Cola’s hourly price chart is shown below.

KO

The Daily View for Coca-Cola

  • Currently, KO’s price is down $-0.07 (-0.12%) from the day prior.
  • The daily chart shows that Coca-Cola has seen 2 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Of note is that the 100 day changed directions on KO; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between KO’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in KO’s price.

Below is a daily price chart of Coca-Cola.

KO

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