Coca-Cola Co - Weekly

Coca-Cola is expected to report an EPS of $0.64 on revenue of $10.53 billion.

Coca-Cola is expected to report an EPS of $0.64 on revenue of $10.53 billion. From a technical perspective, its shares are currently trading at $58.10 a share. Towards the upside, minor resistance sits at $58.79 followed by further resistance at $60.69. A break above the $60.69 price level could see the stock hike towards the major resistance at $62.95. Only a break above the major resistance could lead to a further uptrend towards its highest price level of all-time  ($67.17 a share, which corresponds with the upper trendline of the channel). Towards the downside, the first support level sits at $55.58 followed by a major support base at $54.01, which corresponds with the green trendline. A break below the major support may see a further decline towards the $52-$53 price range (lower trendline of the channel). Looking at the indicators, MACD is negative but RSI is just neutral as it reads 45.