Coca-Cola European Partners Plc Stock Forecast

Coca-Cola European Partners Plc stock price ended at 64.60€ on Tuesday, after gaining 0.623%.
(Updated on Apr 23, 2024)

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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 63.34€ and 64.53€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.69%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 63.80€ 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 0.500€ between high and low, or 0.778%. For the last week the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: 61.86€ (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (CCEP.AS) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Coca-Cola European Partners Plc to open at 64.57€, and during the day (based on 14 day Average True Range), to move between 63.60€ and 65.60€, which gives a possible trading interval of +/-1.00€ (+/-1.55%) 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 3.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 65.10€ (0.77%) than the support at 63.80€ (1.24%), 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?

Coca-Cola European Partners Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.330 Hold/Accumulate Unchanged

Predicted Opening Price for Coca-Cola European Partners Plc of Wednesday, April 24, 2024

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