Wednesday May 22, 2019 Change 1.08% Price $56.92
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will CCE stock price go up or down on Thu, 23 May 2019?

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Coca-Cola Enterprises Inc Forecast and Stock Analysis

Technical CCE stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-21 Gain 1.08%
Shorts 0.64% ( 2018-10-15 )
Insider % n/a
Institutional % 23.70%
Beta n/a
ROA 3.83%
Price to book USD 2.84
P/E Ratio n/a
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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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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.

Access full RSI 14 and RSI 21 lists

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.

Support: $51.74 Price: $56.92

Risk

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

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today CCE ranks #540 as BUY CANDIDATE #540 Stronger Buy
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.

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Will CCE stock price go up or down
on Thu, 23 May 2019?

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