Coca-Cola Consolidated: double bottom, soft confirmation
Coca-Cola Consolidated bounces 2.2% off a double bottom, confirmation still soft
Coca-Cola Consolidated: double bottom, soft confirmation
Our view last week
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.
This week's summary
Coca-Cola Consolidated carved out a double bottom in the 170 area and gained 2.2% this week, with buyers making up 91% of daily volume. Underneath, though, the technical analysis of Coca-Cola Consolidated stock shows cracks: one session saw price fall while volume rose, a divergence signal, and the second week of the trade had already closed negative. With earnings due in two weeks, caution still applies.
IQS Phase
45
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#83 / 124
US stocks in progress
Trade P&L %
-5.59%
from signal to today
Rank position
ranks 83rd among the 124 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimeweak phase
Performanceweekly -1.24% · monthly -0.37%
COKE belongs to the defensive staples sector (reference ETF XLP). The sector is classified weak phase according to our weekly reading.
restricted Platinum content