Coca-Cola Enterprises Inc Forecast and Stock Analysis
Technical CCE stock analysis for Wednesday May 22, 2019.
|Shorts||0.64% ( 2018-10-15 )|
|Price to book||USD 2.84|
|Next Earnings Date||n/a|
Coca-Cola Enterprises Inc gained 1.08% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $56.31 to $56.92 During day the stock fluctuated 1.44% from a day low at $56.21 to a day high of $57.02. The price has risen in 8 of the last 10 days and is up by 5.02% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 28 457 more shares were traded than the day before. In total, 842 826 shares bought and sold for approximately $47.97 million.
- 30 day high of the CCE stock price was $57.14 and low was $51.77.
- 90 day high was $57.14 and low was $46.22.
- 52 week high for the Coca-Cola Enterprises Inc - $57.14 and low - $37.38.
Coca-Cola Enterprises Inc lies in the middle of a narrow and 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 19.26% during the next 3 months and, with 90% probability hold a price between $65.99 and $68.41 at the end of this period.
Only positive signals in the chart today. Coca-Cola Enterprises Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $56.25 and $53.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $51.74 and $50.85.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coca-Cola Enterprises Inc finds support just below today's level at $51.74. If this is broken, then the next support from accumulated volume will be at $50.85 and $48.65.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.81 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 1.57%.
Our recommended stoploss: $54.78 (-3.76%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 34 days ago.)
1.57 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|CCE $56.92 ($0.61 1.08%)|
CCE is up $0.61 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CCE based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the CCE analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us