Coca-Cola stock: should we expect dividend growth?
Coca-Cola Co. reported a quarterly revenue increase of 8% to 12 billion USD and a net profit per share rise of 9% to 0.71 USD, potentially leading to future dividend growth. Considering the company's status as a dividend aristocrat, this development could become a factor for capitalisation growth.
So today, we suggest looking at the Coca-Cola Co. (NYSE: KO) stock chart.
On the D1 timeframe, support at 58.37 was broken through yesterday, 12 December, and resistance formed at 59.11. There was a tug-of-war between bulls and bears within these levels for the continuation of an upward trend. If quotes consolidate above 58.37, the stock may reach its historical maximum.
On the H1 timeframe, the first-term target for the price increase can be set at 63.28, while in the medium term, it could hover around 67.10.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
So today, we suggest looking at the Coca-Cola Co. (NYSE: KO) stock chart.
On the D1 timeframe, support at 58.37 was broken through yesterday, 12 December, and resistance formed at 59.11. There was a tug-of-war between bulls and bears within these levels for the continuation of an upward trend. If quotes consolidate above 58.37, the stock may reach its historical maximum.
On the H1 timeframe, the first-term target for the price increase can be set at 63.28, while in the medium term, it could hover around 67.10.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.