KOF Price Prediction Next Week
Technical Analysis: Based on the technical indicators and recent price movements of KOF:
- RSI (14) at 67.62 indicates approaching overbought territory but not yet extreme
- MACD shows positive momentum with MACD (2.56) above signal line (1.90)
- Stochastic oscillator readings (K:86.30, D:91.43) suggest overbought conditions
- Price is trading above all major moving averages (5,10,20,60,200-day)
News Analysis:
Strong Q4 2024 results reported with:
- Volume up 2.2%
- Revenue increased 14.3%
- Net income grew 35.1%
- Operating income rose 25.0%
Barclays maintains Buy rating with $99 price target
Bank of America reiterated Buy rating expecting continued momentum in key markets Mexico and Brazil
Price Prediction for Next Week: Based on Fibonacci levels and technical setup:
- Support levels: $84.59 (pivot), $80.52 (S1)
- Resistance levels: $88.67 (R1), $91.19 (R2)
Expected price range: $86-92
Trading Recommendation: BUY
- Entry point: Current price ($86.59)
- Target: $91.19 (R2)
- Stop loss: $84.59 (pivot)
Rationale:
- Strong fundamental backdrop with impressive Q4 results
- Positive analyst sentiment with multiple Buy ratings
- Technical indicators showing upward momentum despite being near overbought
- Price trading above all major moving averages suggesting strong uptrend
KOF Similar Chart Price Prediction
The price of KOF is predicted to go up -0.84%, based on the high correlation periods with RVSB. The similarity of these two price pattern on the periods is 98.23%.
KOF
RVSB
Down: -0.84%Similarity: 98.23%
KOF Revenue Forecast
KOF EPS Forecast
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KOF VS S&P500
Coca-Cola Femsa can leverage strong retail relationships to drive volume growth in under-penetrated markets across Latin America, tapping soft-drink demand with classic recipes and new products tailored to local tastes.
Steady volume share gain in Brazil bodes well for better brand recognition and scale benefits in this large market of over 200 million consumers.
Investments in an internet-based ordering system and cooler placements should help Coca-Cola Femsa better align product planning, manufacturing, and its go-to-market strategy with retailers and resellers in the region.
KOF Analyst's Forecast
Benjamin Theurer
Barclays
Buy
2024-10-30
Price Target
$110 → $108
Upside
+27.28%
Barclays lowered the firm's price target on Coca-Cola Femsa to $108 from $110 and keeps an Overweight rating on the shares. Following the Q3 earnings, the firm tuned down price targets for the majority of its Mexico consumer coverage, driven by results and a new country risk premium. It stays optimistic on beverage demand and is still cautious on currency headwinds in South America and discretionary spending.
Renata Cabral
Citigroup
Hold → Strong Buy
2024-10-29
Price Target
$93 → $102
Upside
+20.62%
