Coca-Cola HBC AG Stock Forecast

Green day on Friday for Coca-Cola HBC AG
(Updated on Apr 26, 2024)

CCH.L Signals & Forecast

Mostly positive signals in the chart today. The Coca-Cola HBC AG 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 £2,511.71 and £2,458.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Coca-Cola HBC AG stock

Coca-Cola HBC AG finds support from accumulated volume at £2,476.00 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 £30.00 between high and low, or 1.18%. For the last week, the stock has had daily average volatility of 1.21%.

The Coca-Cola HBC AG stock is extremely overbought on RSI14 (87). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Coca-Cola HBC AG has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: £2,497.47 (-2.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (CCH.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Coca-Cola HBC AG to open at £2,564.00, and during the day (based on 14 day Average True Range), to move between £2,533.07 and £2,606.93, which gives a possible trading interval of +/-£36.93 (+/-1.44%) up or down from last closing price. If Coca-Cola HBC AG takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £2,476.00, some £94.00 (3.66%) from the current price of £2,570.00, our system finds the risk reward attractive.

Is Coca-Cola HBC AG stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Coca-Cola HBC AG stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 2.819 Buy Candidate Unchanged

Predicted Opening Price for Coca-Cola HBC AG of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.