TAP Price Prediction Next Week
Technical Analysis: TAP's stock shows mixed signals in recent trading sessions. The RSI-14 at 66.09 indicates approaching overbought territory but not yet extreme. The MACD (1.12) and signal line (0.29) configuration suggests positive momentum, with the histogram (0.83) showing bullish divergence.
Price Levels and Fibonacci Analysis:
- Current price: $60.33
- Key resistance: $62.14 (Fibonacci R2)
- Support level: $57.08 (Fibonacci pivot)
- Secondary support: $53.95 (Fibonacci S1)
Recent News Impact:
- TAP received positive analyst coverage with Zacks Rank #1 (Strong Buy) rating
- Q4 FY24 results showed better-than-expected performance with EPS of $1.30 beating consensus of $1.13
- Management provided optimistic FY25 guidance expecting low single-digit sales growth
Bollinger Bands Analysis:
- Current price ($60.33) is trading near the upper band ($64.37)
- Bollinger Band Width: 29.59
- Band position (0.76) suggests moderate upward momentum
Price Prediction for Next Week: Based on technical indicators and recent momentum:
- Bullish target: $62.14 (Fibonacci R2)
- Bearish target: $57.08 (Fibonacci pivot)
- Most likely scenario: Stock will test $62.14 resistance level with 65% probability
Trading Recommendation: BUY
- Entry point: Current market price ($60.33)
- Target: $62.14
- Stop loss: $57.08
- Risk/Reward ratio: 1:1.2
The stock shows strong technical momentum supported by positive fundamental catalysts including analyst upgrades and strong earnings. The current price level offers a favorable entry point for a short-term bullish trade targeting the Fibonacci R2 level.
TAP Similar Chart Price Prediction
The price of TAP is predicted to go up 4.88%, based on the high correlation periods with SIG. The similarity of these two price pattern on the periods is 96.46%.
TAP
SIG
Up: 4.88%Similarity: 96.46%
TAP Revenue Forecast
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TAP VS S&P500
Strategic initiatives to expand its exposure to the premium aisle and unearth cost savings should lead to margin improvement longer term.
Its partnership with soda behemoth Coke in high-end beer adjacencies, such as seltzer and ready-to-drink spirits, opens new revenue opportunities to blunt the volume demise in the economy beer segment.
Cash generation is solid at Molson Coors, with the firm expected to convert on average 10% of sales into free cash flow to the firm over the next five years, providing the fuel to reinvest for the long-term health of the business.
TAP Analyst's Forecast
Peter Grom
UBS
Hold
2025-02-14
Price Target
$58 → $63
Upside
+4.37%
UBS raised the firm's price target on Molson Coors to $63 from $58 and keeps a Neutral rating on the shares. Molson Coors reported a solid end to 2024, well above consensus estimates, driven by stronger organic revenue growth and favorable below-the-line items, the analyst tells investors in a research note. While UBS is encouraged by the print and sees a path to the company delivering on its targets in the case of an improving environment, it appears more back half weighted, and thinks it is difficult to argue that the outlook embeds ample flexibility.
Lauren Lieberman
Barclays
Sell
2025-01-17
Price Target
$51 → $48
Downside
-13.09%
Kevin Grundy
Exane BNP Paribas
Hold
2024-11-25
Price Target
$64
Upside
+5.49%
