Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Coca-Cola's stock kept falling in the short term, leaning on the 50-day SMA support while trying to correct the main upward medium-term trend line, and also seeking a bottom to bolster it higher, as the RSI reached oversold levels.
Therefore we expect the stock to return higher, provided it settles back above 52.15, targeting the resistance of 54.70.
Expected trend for today: Bullish