$KO The Coca-Cola Company Stock Robo Analyst May 30 2020 #KO

The Coca-Cola Company (KO) “On a long-term technical basis, the stock (KO) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 45.07 and 42.16. If the stock breaks down through support at 45.07 then it will probably continue lower to 42.16. The stock has resistance at 48.00 and at 51.58. If the stock breaks up through resistance at 48.00 then it will probably continue higher to 51.58. The 200-day moving average is at 52.33. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 45.07 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (69.35).”