Nearing ATHs, expected EPS of $0.8 on revenue of $11.77bn

Coca-Cola's share price edging closer and closer to its all-time highs. Up around 23% since the bottom of October 2023 and up 11% year-to-date. Currently, its shares are trading at around $64.14 a share on the pre-market. We can see the stock has come across some resistance around $65, which is the resistance point from April 2023. A break and close above here following the earning would offer a potential setup to test the resistance of the upper trendline drawn on the chart (ATH resistance of $67.17). However, a disappointing earnings report may see a small pullback towards the supportive trendline to establish more support for the mid-term outlook. Near-term support reads $63.26, which is last week’s low followed by trendline support of around $62.61. Looking at the technical indicators, they still look relatively positive and not yet overbought. The MACD is still rising and the RSI isn’t within overbought territory as it reads 63. KO is expected to report an EPS of $0.80 on revenue of $11.77bn.