CCEP.AS Forecast and Technical Stock Analysis
Sell candidate since 2019-11-07 Loss -3.86% PDF
Coca-Cola European Partners Plc fell by -0.55% in the last day ( Monday, 9th Dec 2019 ) from 45.10€ to 44.85€ and has now fallen 5 days in a row. During the day the stock fluctuated 0.89% from a day low at 44.85€ to a day high of 45.25€. The price has fallen in 6 of the last 10 days and is down by -1.54% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3 186 shares and in total 13 590 shares bought and sold for approximately 609 512.00€.
- 30 day high of the CCEP.AS stock price was 48.00€ and low was 44.85€.
- 90 day high was 53.10€ and low was 44.85€.
- 52 week high for Coca-Cola European Partners Plc - 53.10€ and low - 38.22€.
Coca-Cola European Partners Plc lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at 43.87€ will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.27% during the next 3 months and, with 90% probability hold a price between 38.48€ and 43.04€ at the end of this period.
There are few to none technical positive signals at the moment. Coca-Cola European Partners Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at 45.51€ and 47.02€. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday November 13, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 26 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.50 %Average volatility
Very Low Low Medium High Very High
Coca-Cola European Partners Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate candidate.
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!