Coca-Cola Europacific Partners PLC Stock Forecast
Coca-Cola Europacific Partners PLC stock downgraded to Buy Candidate
(Updated on Jun 25, 2024)
The Coca-Cola Europacific Partners PLC stock price fell by -0.86% on the last day (Tuesday, 25th Jun 2024) from $75.97 to $75.32. During the last trading day the stock fluctuated 1.93% from a day low at $75.00 to a day high of $76.45. The price has been going up and down for this period, and there has been a 1.36% gain for the last 2 weeks. Volume has increased on the last day by 178 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, 1 million shares were bought and sold for approximately $83.42 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.25% during the next 3 months and, with a 90% probability hold a price between $79.23 and $86.32 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 $74.46 and $73.86. 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 Monday, June 24, 2024, and so far it has fallen -0.86%. 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 $74.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.44 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $72.83 (-3.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (CCEP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Coca-Cola Europacific Partners PLC to open at $75.59, and during the day (based on 14 day Average True Range), to move between $74.01 and $76.63, which gives a possible trading interval of +/-$1.31 (+/-1.73%) 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 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $74.86 (0.61%) than the resistance at $75.97 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Coca-Cola Europacific Partners PLC will release earnings BMO on Friday, June 28, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.145 Buy Candidate Downgraded
Predicted Opening Price for Coca-Cola Europacific Partners PLC of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $75.59 ( 0.356%) | $75.32 |
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 | |
|---|---|---|
| R3 | 77.03 | 2.27% |
| R2 | 76.48 | 1.54% |
| R1 | 76.14 | 1.09% |
| Price | 75.32 | |
| S1 | 75.04 | -0.377% |
| S2 | 74.70 | -0.83% |
| S3 | 74.14 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 75.97 | 0.86% |
| Price | 75.32 | |
| S1 | 74.86 | -0.611% |
| S2 | 70.94 | -5.82% |
| S3 | 69.29 | -8.01% |
CCEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | May 23, 2024 | $0.791 | 1.08% |
| 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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