Coca-Cola HBC AG Stock Forecast
Coca-Cola HBC AG stock price ended at £2,518.00 on Wednesday, after gaining 0.319%.
(Updated on Mar 27, 2024)
The Coca-Cola HBC AG stock price gained 0.319% on the last trading day (Wednesday, 27th Mar 2024), rising from £2,510.00 to £2,518.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.80% from a day low at £2,504.00 to a day high of £2,549.00. The price has risen in 7 of the last 10 days and is up by 1.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 144 thousand more shares were traded than the day before. In total, 660 thousand shares were bought and sold for approximately £1.66 billion.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £2,567.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between £2,514.81 and £2,811.00 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CCH.L Signals & Forecast
The Coca-Cola HBC AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £2,479.86 and £2,440.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 15.66%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Coca-Cola HBC AG stock
Coca-Cola HBC AG finds support from accumulated volume at £2,480.00 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £45.00 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: £2,424.83 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (CCH.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Coca-Cola HBC AG to open at £2,523.67, and during the day (based on 14 day Average True Range), to move between £2,482.67 and £2,553.33, which gives a possible trading interval of +/-£35.33 (+/-1.40%) up or down from last closing price. If Coca-Cola HBC AG takes out the full calculated possible swing range there will be an estimated 2.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £2,480.00, some £38.00 (1.51%) from the current price of £2,518.00, our system finds the risk reward attractive.
Is Coca-Cola HBC AG stock A Buy?
Coca-Cola HBC AG holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.228 Strong Buy Candidate Unchanged
Predicted Opening Price for Coca-Cola HBC AG of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£2,523.67 ( 0.225%) | £2,518.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCH.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,568.67 | 2.01 % | |
R2 | 2,551.48 | 1.33 % | ||
R1 | 2,540.86 | 0.91 % | ||
Current price: | 2,518.00 | |||
Support | S1 | 2,506.48 | -0.458 % | |
S2 | 2,495.86 | -0.88 % | ||
S3 | 2,478.67 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 2,518.00 | |||
Support | S1 | 2,480.00 | -1.51% | |
S2 | 2,476.00 | -1.67% | ||
S3 | 2,475.00 | -1.71% |
CCH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £78.00 | 3.26% |
2 | May 19, 2022 | Jul 07, 2022 | Aug 02, 2022 | £71.00 | 3.61% |
3 | May 21, 2021 | Jul 08, 2021 | Aug 03, 2021 | £64.00 | 2.31% |
4 | May 14, 2020 | Jul 02, 2020 | Jul 28, 2020 | £62.00 | 3.01% |
5 | May 14, 2019 | Jul 04, 2019 | Jul 30, 2019 | £200.00 | 6.98% |
FAQ
Click here for our free guide on how to buy Coca-Cola HBC AG Stock.