Coca-Cola Consolidated: +1.7% but technical cracks
Coca-Cola Consolidated stock gains 1.7% but price action flashes warnings ahead of earnings
Coca-Cola Consolidated: +1.7% but technical cracks
Our view last week
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.
This week's summary
After last week's double bottom near the 170 area and 2.2% rebound, Coca-Cola Consolidated stock closes this week up 1.7%, but under the surface the technical analysis of Coca-Cola Consolidated shows fresh cracks: contracting volume, mixed rejection bars, and sellers slightly prevalent in the last session. The buy signal is in its 4th week and remains down 3.95% from entry. With earnings due August 5, this very week, caution still applies.
IQS Phase
47
ordinary
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#102 / 120
US stocks in progress
Trade P&L %
-3.95%
from signal to date, no stop loss
Rank position
ranks 102nd among the 120 Longs already running for US stocks in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +1.09% · monthly +2.10%
COKE belongs to the defensive staples sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content