Technical Analysis for TAP - Molson Coors Brewing Company Class B

Grade Last Price % Change Price Change
D 54.81 2.99% 1.59
TAP closed up 2.99 percent on Friday, May 31, 2024, on 1.92 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Jun 5
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Up 3 Days in a Row Strength 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction 2.99%
Narrow Range Bar Range Contraction 2.99%
Inside Day Range Contraction 2.99%
Oversold Stochastic Weakness 2.99%
Pocket Pivot Bullish Swing Setup 3.38%
New 52 Week Low Weakness 3.38%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot 1 day ago
Rose Above 10 DMA 1 day ago
Up 3% 1 day ago
Up 2% 1 day ago
Up 1 ATR 1 day ago

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Profile

Molson Coors Brewing Company Class B Description

Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company sells its products in Canada under the Coors Light, Molson Canadian, Molson Export, Molson Canadian 67, Coors Light Iced T, Molson Dry, Molson M, Rickard's Red, Rickard's Blonde and other Rickard's brands, Carling, Carling Black Label, Pilsner, Keystone, Creemore Springs, Granville Island brands, Caffrey's, and Cobra brands. The company also brews or distributes licensed products under the Heineken, Amstel Light, Murphy's, Asahi, Asahi Select, Miller Lite, Miller Genuine Draft, Miller Chill, Milwaukee's Best, and Milwaukee's Best Dry brands. In addition, it distributes the Corona, Coronita, Negra Modelo, and Pacifico brands, through a joint venture agreement with Grupo Modelo S.A.B. de C.V., as well as Singha brand. Further, the company sells various brands in the United States and Puerto Rico comprising Coors Light, Miller Lite, Miller High Life, Keystone Light, Blue Moon, Leinenkugel's, Coors Banquet, Miller Genuine Draft, Icehouse, Mickey's, Milwaukee's Best, Hamm's, Old English 800, Blue Moon, Henry Weinhard's, George Killian's Irish Red, Leinenkugel's, Peroni Nastro Azzurro, Pilsner Urquell, Grolsch, Batch 19, Coors Non-Alcoholic, and Sharp's. Additionally, it sells various brands in the United Kingdom and Ireland that include Carling, Carling Zest, Coors Light, Worthington's, White Shield, Red Shield, Caffrey's, Sharp's Doom Bar, and Blue Moon; and various regional ale brands, as well as factored brands. The company also sells brands through a joint venture with Royal Grolsch N.V. and a joint venture called Cobra Beer Partnership Ltd. In addition, it sells Zima, Iceberg, Coors Gold, and Coors Extra brands. The company was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in February 2005 as a result of its merger with Molson Inc. Molson Coors Brewing Company was founded in 1873 and is headquartered in Denver, Colorado.


Classification

Sector: Consumer Defensive
Industry: Beverages - Brewers
Keywords: S&P 500 Alcohol Beer Beverage Products Brewing George Killian

Is TAP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 69.4692
52 Week Low 52.6
Average Volume 1,846,404
200-Day Moving Average 61.28
50-Day Moving Average 61.48
20-Day Moving Average 56.16
10-Day Moving Average 54.26
Average True Range 1.24
RSI (14) 36.31
ADX 49.76
+DI 15.56
-DI 33.20
Chandelier Exit (Long, 3 ATRs) 55.69
Chandelier Exit (Short, 3 ATRs) 56.33
Upper Bollinger Bands 60.39
Lower Bollinger Band 51.93
Percent B (%b) 0.34
BandWidth 15.06
MACD Line -2.21
MACD Signal Line -2.22
MACD Histogram 0.0114
Fundamentals Value
Market Cap 11.01 Billion
Num Shares 201 Million
EPS 1.17
Price-to-Earnings (P/E) Ratio 46.85
Price-to-Sales 1.13
Price-to-Book 0.98
PEG Ratio 3.01
Dividend 1.61
Dividend Yield 2.94%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 57.96
Resistance 3 (R3) 57.70 56.39 57.44
Resistance 2 (R2) 56.39 55.59 56.52 57.26
Resistance 1 (R1) 55.60 55.09 56.00 55.86 57.08
Pivot Point 54.29 54.29 54.49 54.42 54.29
Support 1 (S1) 53.50 53.49 53.90 53.76 52.54
Support 2 (S2) 52.19 52.99 52.32 52.36
Support 3 (S3) 51.40 52.19 52.19
Support 4 (S4) 51.66