Coca-Cola Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for Coca-Cola

  • Currently, KO’s price is down $-0.11 (-0.19%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • 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.


The Daily View for Coca-Cola

  • At the time of this writing, KO’s price is up $0.25 (0.44%) from the day prior.
  • This is the 3rd day in a row Coca-Cola has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Coca-Cola. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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.


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