Coca-Cola European Partners Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Coca-Cola European Partners Plc stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Coca-Cola European Partners Plc stock price gained 0.319% on the last trading day (Friday, 19th Apr 2024), rising from 62.70€ to 62.90€. During the last trading day the stock fluctuated 1.29% from a day low at 62.20€ to a day high of 63.00€. The price has risen in 6 of the last 10 days but is still down by -1.41% for this period. Volume fell on the last day by -1 thousand shares and in total, 16 thousand shares were bought and sold for approximately 975.77€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 62.36€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.90% during the next 3 months and, with a 90% probability hold a price between 64.17€ and 69.03€ at the end of this 3-month period.
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CCEP.AS Signals & Forecast
The Coca-Cola European Partners Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 63.04€ and 64.49€. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. 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.
Golden Star 12 Months
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 62.70€ 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 0.800€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: 59.38€ (-5.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CCEP.AS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Coca-Cola European Partners Plc to open at 62.70€, and during the day (based on 14 day Average True Range), to move between 61.93€ and 63.87€, which gives a possible trading interval of +/-0.97€ (+/-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 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 62.70€ (0.32%) than the resistance at 63.70€ (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coca-Cola European Partners Plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.651 Buy Candidate Upgraded
Predicted Opening Price for Coca-Cola European Partners Plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 62.70€ ( 0.318%) | 62.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCEP.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.50 | 0.95 % | |
| R2 | 63.19 | 0.468 % | ||
| R1 | 63.01 | 0.168 % | ||
| Current price: | 62.90 | |||
| Support | S1 | 62.39 | -0.80 % | |
| S2 | 62.21 | -1.10 % | ||
| S3 | 61.90 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.20 | 2.07 % | |
| R2 | 63.80 | 1.43 % | ||
| R1 | 63.70 | 1.27 % | ||
| Current price | 62.90 | |||
| Support | S1 | 62.70 | -0.318% | |
| S2 | 62.50 | -0.636% | ||
| S3 | 62.00 | -1.43% |
CCEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0€ | 0% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.670€ | 1.12% |
| 3 | Nov 02, 2022 | Nov 17, 2022 | Dec 07, 2022 | 1.12€ | 2.24% |
| 4 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 0.560€ | 1.19% |
| 5 | Nov 18, 2021 | Nov 18, 2021 | Nov 18, 2021 | 1.40€ | 3.01% |
FAQ
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