MENU

TAP Stock Molson Coors Beverage (TAP, $55.75) RSI Indicator left the overbought zone on September 04, 2024

A.I.dvisor
at Tickeron.com
09/05/24
Loading...
TAP - Molson Coors Beverage Company
RSI signal
Bearish Trend
Odds of DOWN Trend
Tickeron
RSI signal
Price: $55.75
Daily change: -$1.15 (-2.02%)
Daily volume: 3.8M
Capitalization: $11.6B
Industry: Beverages: Alcoholic
This is a signal that TAP's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 34 similar cases where TAP's RSI Indicator left the overbought zone, and in of them led to a successful outcome. Odds of Success:

TAP in downward trend: price dove below 50-day moving average on October 31, 2024

TAP moved below its 50-day moving average on October 31, 2024 date and that indicates a change from an upward trend to a downward trend. In of 42 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TAP as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TAP turned negative on October 30, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TAP advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .

TAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.085) is normal, around the industry mean (3.922). P/E Ratio (15.407) is within average values for comparable stocks, (28.956). TAP's Projected Growth (PEG Ratio) (3.379) is slightly higher than the industry average of (2.099). Dividend Yield (0.025) settles around the average of (0.024) among similar stocks. P/S Ratio (1.250) is also within normal values, averaging (6.048).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

View a ticker or compare two or three
TAP
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a beer producer

Industry BeveragesAlcoholic

Profile
Fundamentals
Details
Industry
Beverages Alcoholic
Address
NH353
Phone
+1 303 279-6565
Employees
16500
Web
https://www.molsoncoors.com