(COKE) Trading Report

November 22, 2024, 03:06 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COKE

• Buy COKE near 1173.67 target 1297.78 stop loss @ 1170.28 Details

The technical summary data tells us to buy COKE near 1173.67 with an upside target of 1297.78. This data also tells us to set a stop loss @ 1170.28 to protect against excessive loss in case the stock begins to move against the trade. 1173.67 is the first level of support below 1246.18 , and by rule, any test of support is a buy signal. In this case, support 1173.67 would be being tested, so a buy signal would exist.

• Short COKE slightly under 1297.78, target 1173.67, stop loss @ 1301.53 Details

The technical summary data is suggesting a short of COKE as it gets near 1297.78 with a downside target of 1173.67. We should have a stop loss in place at 1301.53though. 1297.78 is the first level of resistance above 1246.18, and by rule, any test of resistance is a short signal. In this case, if resistance 1297.78 is being tested, so a short signal would exist.

Swing Trading Plans for COKE

• Buy COKE slightly over 1251.95, target 1297.78, Stop Loss @ 1248.33 Details

If 1251.95 begins to break higher, the technical summary data tells us to buy COKE just slightly over 1251.95, with an upside target of 1297.78. The data also tells us to set a stop loss @ 1248.33 in case the stock turns against the trade. 1251.95 is the first level of resistance above 1246.18, and by rule, any break above resistance is a buy signal. In this case, 1251.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COKE slightly near 1251.95, target 1212.61, Stop Loss @ 1255.57. Details

The technical summary data is suggesting a short of COKE if it tests 1251.95 with a downside target of 1212.61. We should have a stop loss in place at 1255.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1251.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for COKE

• Buy COKE slightly over 1251.95, target 1257.38, Stop Loss @ 1249.03 Details

If 1251.95 begins to break higher, the technical summary data tells us to buy COKE just slightly over 1251.95, with an upside target of 1257.38. The data also tells us to set a stop loss @ 1249.03 in case the stock turns against the trade. 1251.95 is the first level of resistance above 1246.18, and by rule, any break above resistance is a buy signal. In this case, 1251.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COKE slightly near 1251.95, target 1240.32, Stop Loss @ 1254.87. Details

The technical summary data is suggesting a short of COKE if it tests 1251.95 with a downside target of 1240.32. We should have a stop loss in place at 1254.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1251.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Coca-cola Consolidated Inc. (COKE) available here: COKE.

COKE Ratings for November 22:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	1173.67
P2	1240.32	1212.61	1297.78
P3	1257.38	1251.95	1426.19

AI Generated Signals for COKE

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Coca-cola Consolidated Inc. (NASDAQ: COKE) while incorporating prudent risk controls. 

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for COKE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if COKE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for COKE too.  All of these are offered below the Summary Table.