KO Archives - Elliott Wave Forecast

KO Alert: Is an Ending Diagonal About to Disrupt the Rally?

September 4, 2025 By EWFLuis

Coca-Cola (KO) shows resilience in a shifting market. In Q2 2025, it posted 5% organic revenue growth and 58% EPS jump. Despite currency headwinds, KO improved operating margin to 34.1%, driven by pricing power, cost control, and strategic campaigns like “Share a Coke.”

Although unit case volume dipped slightly due to weather and consumer pressure, Coca-Cola Zero Sugar and core brands gained momentum. Analysts remain optimistic, highlighting KO’s brand loyalty, strong dividend, and flexible pricing as key strengths in uncertain conditions.

Looking ahead, Coca-Cola plans to launch a cane sugar-based product in the U.S. this fall. At the same time, it reevaluates Costa Coffee’s future after underwhelming performance since 2018. Financially, KO holds solid fundamentals with a P/E ratio of 24.46 and a $297B market cap.

Despite a temporary dip in free cash flow from a $6.1B Fairlife payment, KO maintains strong long-term guidance. It projects 8% EPS growth for the year. Banks and analysts share a bullish outlook. MarketBeat reports a consensus “Buy” rating and a $77.21 price target—an 11.89% upside.

Technical analysts highlight a breakout zone between $67.74 and $69.14. They cite KO’s pricing power and dividend yield as key entry signals. As September brings volatility, KO’s defensive profile and global brand appeal attract institutional investors seeking stability.

Elliott Wave Outlook Ending Diagonal: KO Monthly Chart September 2025

On KO’s monthly chart, we’ve identified a leading diagonal from the all-time low to April 2025 high as wave ((I)). Wave (V) of ((I)) appears to form an ending diagonal, confirmed through technical analysis. This Elliott Wave pattern often signals exhaustion, suggesting the market may be losing bullish momentum. If the structure proves correct, long-term investors should prepare for a possible correction. In the worst-case scenario, price could drop toward the $40.00 zone. This setup deserves close attention, especially as structural patterns often precede major shifts.

Elliott Wave Outlook Nest: KO Monthly Chart September 2025

Another way to view the chart is as a nest, multiple 1-2 waves forming over time. Currently, we may be in wave I-II. Unlike the first scenario, this one implies a shallower correction. Therefore, wave II could drop only to the 60–50 zone before the rally resumes. If the ending diagonal holds, this setup is ideal. KO has shown strong bullish behavior with minor pullbacks, unless disrupted by major events like a recession or the 2020 pandemic. Additionally, we must consider a possible extension in the ending diagonal. This lies between 76.56 – 81.49 area. If KO reaches this zone without correcting and maintains the diagonal structure, the pullback may occur there. However, if price breaks above 81.49, the diagonal will fail, and KO would continue higher.

Elliott Wave Outlook Impulse: KO Monthly Chart September 2025

To conclude, this is the core idea that supports KO’s bullish outlook assuming no major correction unfolds. The goal is to generate new highs and controlled pullbacks, gradually building a long-term impulse that completes Coca-Cola’s cycle from its inception.

If you’re eager to dive deeper into Elliott Wave Theory and learn how its principles apply to market forecasting, you might find these resources helpful: and .

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Coca-Cola (KO) Impulsive Reaction Support The Rally

December 2, 2023 By EWFAyoub

In the past two years, Coca-Cola (NYSE: KO) has grappled with a challenging business landscape. Amid ongoing market uncertainty and volatility, investors closely examine the stock’s long-term growth prospects. In this article, we delve into analysing the current Elliott Wave Pattern for Coca-Cola, providing insights to guide investors through the stock’s mid-term movements.

Since April 2022, KO has experienced a corrective phase, moving sideways to lower in wave II. It formed a double three Elliott wave structure with a 7-swing move to the downside. Notably, it reached its buying blue box area, which spans from $51.81 to $48.69. The blue boxes in our charts are the high-frequency areas where the market is likely to end cycles and make a turn.

Consequently, investors showed up strongly around that area and started buying the stock which created a strong impulsive reaction. The initial move is expected to be wave (1) of the first cycle wave ((1)) and therefore the next pullback in wave (2) is expected to remain supported above October low $51.55. Following this, we anticipate another rally completing waves (3)(4)(5) before concluding the cycle with wave ((1)). Subsequently, wave ((2)) is expected to bring a more substantial correction and the stock will be again looking to find support during that period of time.

Coca-Cola (NYSE: KO) Daily Chart 12.2.2023

In summary, Coca-Cola (NYSE: KO) is initiating a fresh bullish cycle based on the current impulsive structure. However, for a bullish sequence within the daily cycle and to prevent the possibility of another double correction, the stock requires a breakthrough above the 2022 peak.

Coca-Cola Stock KO Price Surge Creates Bullish Sequence

April 25, 2023 By EWFAyoub

Coca-Cola (NYSE: KO), a leading beverage company, recently reported better-than-expected earnings and revenue for the quarter. The strong financial results, demonstrate the company’s resilience in the face of challenging economic conditions and highlight its ability to adapt to changing market dynamics. It leads to increased investor confidence and a surge in the company’s stock price. As a result, investor confidence has increased, leading to a surge in Coca-Cola’s stock price.

Let’s take a look at the technical Daily chart for KO. The recent surge allowed the price to make new high above wave ((1)) peak $64.70 from December 2022. The recent surge in price for KO has created a new bullish sequence on the daily chart, originating from the October 2022 low. This suggests a move into potential price target in the equal legs area of $69-$71.

Nonetheless, in the short term, the price has entered a technical area between $64.97-$66.53, which may cause a corrective pullback. Given the bullish sequence, any pullback at this stage could present a potential opportunity to buy in 3, 7, or 11 swings against March 2023 low of $58.37.

At a later stage, the break above 2022 peak will be critical to confirm a weekly bullish sequence from 2020 low which will support the stock to the upside in the coming years into higher targets.

In conclusion, the recent bullish surge in KO’s stock price is supported by technical analysis and positive earnings results. While a short-term corrective pullback may be possible, the overall outlook for KO is optimistic, with potential for further gains in the coming years. Investors should continue to monitor the stock for potential buying opportunities.

KO Elliott Wave Daily Chart

Technical Analysis Suggests Short-Term Ceiling for Coca-Cola Stock KO

March 26, 2023 By EWFAyoub

As one of the most recognizable beverage companies globally, Coca-Cola (NYSE: KO) is a well-known name in the stock market. Over the last two months, the stock has been range-bound, prompting investors to question whether it will break out of its sideways pattern. The lack of directional momentum has led to uncertainty regarding the stock’s future price movement. In this article, we will examine the Elliott Wave technical analysis of the stock to provide insight into the likelihood of a breakout.

KO Elliott Wave 8 Hour Chart

Starting from the October 2022 low of 54, Coca-Cola’s (KO) stock experienced an impulsive 5-wave advance that ended at 64.67, marking the completion of wave ((1)). Since then, the stock has begun a potential Zigzag corrective structure, with wave (A) ending at 58.38 earlier this month. Currently, the stock is in a bounce of wave (B), which is projected to fail below the December 2022 peak before initiating another downward movement in wave (C).

KO Elliott Wave 1H Chart

Wave (B) is unfolding as a double three structure, and it is currently showing an incomplete short-term bullish sequence. Last week, the stock made a new marginal high above wave W, indicating a potential bullish trend. The structure suggests that wave ((c)) of Y is still in progress and may reach the equal legs area of 61.73-62.32. This area is expected to create a reaction lower in at least 3 waves, after which the stock will have a chance to define the next 4-hour cycle.

As long as the stock holds above the October 2022 low and does not break below 58.37, the downside risk for Coca-Cola’s stock will likely remain limited. This provides some level of support for investors looking to make short-term investments in the company.