Coca-Cola Company (KO) stock price recorded gains in its latest intraday trading, as it attempts to test the current resistance level at $80.00, amid the dominance of the main bullish trend over both the medium and short term. Positive pressure remains in place as the stock continues to trade above its 50-day SMA, while the recent rise came after the price successfully eased its overbought conditions on the Stochastic indicator, giving it more room to extend gains in the near term.

Therefore we expect the stock price to rise during its upcoming trading sessions, especially if it breaks above the mentioned resistance at $80.00, targeting the next resistance level at $83.00.

Todays price forecast: Bullish