Coca-Cola Companys stock price (KO) declined in latest intraday trading, under continued negative pressure from trading below the 50-day SMA and within the grip of a short-term downward correctional trend. This comes alongside negative signals streaming from the Stochastic, despite it being in oversold territory.

Therefore we expect the stock to decline further in upcoming trading, as long as the resistance of $71.35 holds on, targeting the pivotal support level of $68.40.

Todays price forecast: Bearish