Coca-Cola Company (KO) stock declined in its latest intraday trading, breaking below the key support level of 68.40. The short-term corrective bearish trend remains in control, with trading moving along a downward slope line that supports this path. Negative pressure also continues from trading below its previous 50-day SMA, while bearish signals have reappeared in the Stochastic indicators after the stock had earlier managed to unwind part of its oversold levels, giving it more room to record further losses in the near term.

Therefore, we expect the stock to decline in its upcoming trading, especially as long as it remains below 68.40, to then target its next support at 66.40.

Todays price forecast: Bearish.