Coca-Cola Europacific Partners PLC Stock Forecast
Red day on Friday for Coca-Cola Europacific Partners PLC stock after losing 0.547%
(Updated on May 17, 2024)
The Coca-Cola Europacific Partners PLC stock price fell by -0.547% on the last day (Friday, 17th May 2024) from $74.92 to $74.51. During the last trading day the stock fluctuated 0.702% from a day low at $74.12 to a day high of $74.64. The price has risen in 7 of the last 10 days and is up by 3.76% over the past 2 weeks. Volume has increased on the last day by 24 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 770 thousand shares were bought and sold for approximately $57.39 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $75.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.25% during the next 3 months and, with a 90% probability hold a price between $70.31 and $78.43 at the end of this 3-month period.
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CCEP Signals & Forecast
The Coca-Cola Europacific Partners PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $74.47 and $70.53. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Coca-Cola Europacific Partners PLC stock
Coca-Cola Europacific Partners PLC finds support from accumulated volume at $70.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.520 between high and low, or 0.702%. For the last week, the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: $72.38 (-2.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CCEP) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Coca-Cola Europacific Partners PLC to open at $74.42, and during the day (based on 14 day Average True Range), to move between $73.47 and $75.55, which gives a possible trading interval of +/-$1.04 (+/-1.40%) up or down from last closing price. If Coca-Cola Europacific Partners PLC takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $74.81 (0.40%) than the support at $70.92 (4.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Coca-Cola Europacific Partners PLC will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Coca-Cola Europacific Partners PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.39% in the first trading day after earnings release.
Is Coca-Cola Europacific Partners PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Coca-Cola Europacific Partners PLC stock to perform well in the short-term.
Current score: 2.620 Buy Candidate Unchanged
Predicted Opening Price for Coca-Cola Europacific Partners PLC of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $74.42 ( 0.116%) | $74.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCEP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.94 | 0.582 % | |
| R2 | 74.74 | 0.315 % | ||
| R1 | 74.62 | 0.150 % | ||
| Current price: | 74.51 | |||
| Support | S1 | 74.22 | -0.383 % | |
| S2 | 74.10 | -0.548 % | ||
| S3 | 73.90 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.13 | 0.83 % | |
| R2 | 74.92 | 0.550 % | ||
| R1 | 74.81 | 0.403 % | ||
| Current price | 74.51 | |||
| Support | S1 | 70.92 | -4.82% | |
| S2 | 69.60 | -6.59% | ||
| S3 | 68.63 | -7.89% |
CCEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | May 23, 2024 | $0.791 | 1.06% |
| 2 | Nov 01, 2023 | Nov 16, 2023 | Dec 05, 2023 | $1.23 | 1.97% |
| 3 | Apr 25, 2023 | May 11, 2023 | May 25, 2023 | $0.740 | 1.18% |
| 4 | Nov 02, 2022 | Nov 17, 2022 | Dec 07, 2022 | $1.11 | 2.12% |
| 5 | Apr 27, 2022 | May 12, 2022 | May 26, 2022 | $0.590 | 1.10% |
FAQ
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