COCA COLA EUROPEAN PARTNERS P (CCE) Stock Technical Analysis
NYSE:CCE - New York Stock Exchange, Inc. - GB00BDCPN049
We assign a technical rating of 10 out of 10 to CCE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CCE did better than 89% of all other stocks.
CCE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CCE has a been trading in the 42.53 - 46.90 range, which is quite wide. It is currently trading near the high of this range.
CCE has an average volume of 1680710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CCE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.41
47.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.98 to 45.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.20 to 42.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @40.56 from a horizontal line in the weekly time frame.
- Support @39.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.73 to 46.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CCE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCE is up. |
| ChartMill Relative Strength | 89.52 | POSITIVE | CCE has a high relative strength, it outperformed 89.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.05 | NEUTRAL | The RSI value for CCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CCE has a positive trend. |
| Stochastics (14,3) | 94.61 | OVERBOUGHT | The high Stochastics value suggests CCE may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for CCE suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.74 | 42.89 | 3.85 (8.24%) | 12.14% |
| An entry @46.74. This is a Buy Stop order right above the resistance zone. | An exit @42.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.85 points, which is 8.24%. | For a 1.00% total portfolio risk, you can invest 12.14% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.72
+0.54 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.17%
1 Week3.68%
2 Weeks5.04%
1 Month6.72%
3 Month10.66%
6 Month20.69%
12 Month18.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%1.95%
ATR Inc-20.3%
Range Today0.93
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.52
Mansfield1.4
10 Day High46.9
10 Day Low42.9
20 Day High46.9
20 Day Low42.53
52 Week High46.9
52 Week Low36.17
CS1 End45.15
CR1 Start46.73
Volume & EV
DER(3)-3.29%
DER(5)-3.05%
Volume1.91M
Volume Incr-11.99%
Vol(5)1.72M
Vol(50)1.68M