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USA A1 Trading Advice (A) | 25-Jun-2024 | Expected Gain 4%-5%

SHORT TERM TRADING ADVICE IN USA

 BUY   Coca-Cola (NYSE: KO)

Coca-Cola (NYSE: KO) STOCK RECOMMENDATION

Idea BUY
Buy Range 63 – 63.5
Target 66 – 66.5
StopLoss* below 62
Duration 12-14 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 63 – 63.5 66 – 66.5 below 62 12-14 Trading Days 4% – 5%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Coca-Cola (NYSE: KO) STOCK OVERVIEW

Coca-Cola is a global beverage company that produces, markets, and sells various non-alcoholic beverages, including sparkling soft drinks, water, sports, coffee, tea, juice, and plant-based beverages. The company operates through various brands and distributors, and was founded in 1886 in Atlanta, Georgia. It operates through independent bottling partners, distributors, wholesalers, and retailers.

Stock Data
NYSE Symbol KO
Sectoral Index Beverages (Production/Distribution)
52 Weeks High 64.36
52 Weeks Low 51.55

Coca-Cola (NYSE: KO) - RELATIVE STRENGTH

KO-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Coca-Cola —     NYSE —

Coca-Cola (NYSE: KO) - DAILY TECHNICAL ANALYSIS

KO-DAILY TECHNICAL ANALYSIS
Coca-Cola (NYSE: KO) - Technical Analysis (Daily)
  • There was a period of significant consolidation in the price recently.
  • A notable rejection occurred around the 63 level, resulting in a substantial correction.
  • Eventually, the price found support near the 51 level and started moving upwards.
  • After a long journey, the price is now nearing its previous resistance level and is expected to break out soon.

Coca-Cola (NYSE: KO) - RSI

Coca-Cola (NYSE: KO) - RSI
  • Current RSI of this stock is 61.86, which indicates the strength of buyers.

Coca-Cola (NYSE: KO) - EMA Cross

Coca-Cola (NYSE: KO) - EMA Cross
  • The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Coca-Cola (NYSE: KO) - OBV

KO-OBV
Coca-Cola (NYSE: KO) - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - Coca-Cola (NYSE: KO) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Coca-Cola stock price target will be USD 66 – USD 66.5 in the next 63-63.5 trading sessions.

Coca-Cola (NYSE: KO) TRADINGVIEW POSITION UPDATE

Buy Coca-Cola by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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