COKE: weak confirmation, model weighs an exit
Coca-Cola Consolidated adds 0.8%, but the confirmation says: weigh an exit
COKE: weak confirmation, model weighs an exit
Our view last week
In its first week of trading, Coca-Cola Consolidated stock dropped 8.3%, but the decline stopped at a clean double bottom in the 168 area, with an intermediate 20% rebound. The confirmation week still closes negative, and our model's weekly technical analysis flags the exit as worth considering: signal strength already down to 47 out of 100, ADX declining, and setup quality at 43. The stock slides to 89th place among the 129 US Longs still open.
This week's summary
Coca-Cola Consolidated stock holds its double bottom in the 168 area, with an intermediate 20% rebound and a week closing on a mild recovery, +0.8%. But underneath, the signals are fading: buyers are losing steam and the second week of the trade closes negative, with signal strength already down to 47 out of 100. The weekly technical analysis suggests weighing an exit, while the stop has already tightened close to breakeven.
IQS Phase
39
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#77 / 112
US stocks in progress
Trade P&L %
-7.61%
from signal to today
restricted Platinum content