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Stock Charts AI Power Rank: 6.7
Power Rank trend -> Falling

Molson Coors Brewing Co Class B (TAP)

Industry: Beverages - Brewers

Price Support Resistance

In the past 20 trading days, TAP has been trading in a range between $62.91 and $58.29 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

TAP is trading below resistance at $63.88, about 5% to the upside. There is support at $59.60 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Molson Coors Brewing Co Class B $TAP entered a Green zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $63.1646, a potential upside of 4.3% from the recent price of 60.56. The stock is trading 10.7% (potential upside) below its 52 week high of $67.04 and 25.98 % (potential downside) above its 52 week low of $48.07 - based on the recent price.

Company Summary

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific The company offers flavored malt beverages including hard seltzers, craft, spirits, and ready to drink beverages. It provides its products under Arnold Palmer Spiked, Aspall Cider, Blue Moon, Beck's, Blue Run Spirits, Cobra, Corona Extra, Coors Original, Five Trail, Heineken, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Peroni Nastro Azurro, Pilsner Urquell, Redd's, Sharp's, Simply Spiked, Sol, Staropramen, Stella Artois, Topo Chico Hard Seltzer, ZOA Energy, and Vizzy Hard Seltzer above premium brands; Bergenbier, Borsodi, Burgasko, Caraiman, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian brands, Niksicko, and O"ujsko under the premium brands; and Branik, Icehouse, Keystone, Lowenbrau, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.

TAP Website

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