Coca-Cola European Partners Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Coca-Cola European Partners Plc stock after losing 0.446%
(Updated on May 02, 2024)
The Coca-Cola European Partners Plc stock price fell by -0.446% on the last day (Thursday, 2nd May 2024) from 67.30€ to 67.00€. During the last trading day the stock fluctuated 1.20% from a day low at 66.60€ to a day high of 67.40€. The price has risen in 8 of the last 10 days and is up by 7.54% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 8 thousand shares were bought and sold for approximately 529.03€ thousand.
The stock lies in the upper part of a 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 67.62€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between 65.17€ and 70.25€ at the end of this 3-month period.
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CCEP.AS Signals & Forecast
The Coca-Cola European 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 66.33€ and 64.93€. 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 Tuesday, April 30, 2024, and so far it has fallen -0.446%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Monday, August 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, August 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Coca-Cola European Partners Plc stock
Coca-Cola European Partners Plc finds support from accumulated volume at 64.20€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.80€ between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: 64.53€ (-3.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CCEP.AS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Coca-Cola European Partners Plc to open at 67.00€, and during the day (based on 14 day Average True Range), to move between 65.98€ and 68.02€, which gives a possible trading interval of +/-1.02€ (+/-1.53%) up or down from last closing price. If Coca-Cola European Partners Plc takes out the full calculated possible swing range there will be an estimated 3.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 67.30€ (0.45%) than the support at 64.20€ (4.18%), 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.
Is Coca-Cola European 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 European Partners Plc stock to perform well in the short-term.
Current score: 3.315 Buy Candidate Unchanged
Predicted Opening Price for Coca-Cola European Partners Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 67.00€ ( 0%) | 67.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCEP.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.80 | 1.19 % | |
| R2 | 67.49 | 0.738 % | ||
| R1 | 67.31 | 0.456 % | ||
| Current price: | 67.00 | |||
| Support | S1 | 66.69 | -0.456 % | |
| S2 | 66.51 | -0.738 % | ||
| S3 | 66.20 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 67.30 | 0.448 % | ||
| Current price | 67.00 | |||
| Support | S1 | 64.20 | -4.18% | |
| S2 | 63.80 | -4.78% | ||
| S3 | 63.70 | -4.93% |
CCEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | 0€ | 0% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0€ | 0% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.670€ | 1.12% |
| 4 | Nov 02, 2022 | Nov 17, 2022 | Dec 07, 2022 | 1.12€ | 2.24% |
| 5 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 0.560€ | 1.19% |
FAQ
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