Coca-Cola (KO) remains a reliable stock, benefiting from its global footprint and strong brand. The company is using AI to optimize operations, predict consumer trends, and improve efficiency. Notably, the Dividend Aristocrat has also raised its payout by 5.2%, marking 63 consecutive years of increases. Moreover, Coca-Cola stock is a Strong Buy, according to the technical indicators, implying further upside from current levels.
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Analyzing KO Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, KO stock is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 70.69, while its price is $71.77, implying a bullish signal. Further, its shorter duration EMA (20 days) also signals a Buy.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, a ROC above zero confirms an uptrend. Coca-Cola stock currently has an ROC of 0.1, which signals a Buy.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For KO, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Is KO a Good Stock to Buy?
On TipRanks, KO stock has a Strong Buy consensus rating based on 15 Buys and one Hold assigned in the last three months. The average Coca-Cola stock price target of $79.33 suggests an upside potential of 10.53% from its current price. Year-to-date, shares of the company have gained about 16.1%.
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