CCEP Technical Analysis - COCA-COLA EUROPACIFIC PARTNE

Technical Rating and Analysis

Overall CCEP gets a technical rating of 0 out of 10. CCEP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

76% of all other stocks performed better in the past year than CCEP.

Warning: CCEP has an average volume of 21751 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

CCEP is one of the better performing stocks in the Beverages industry, it outperforms 88% of 26 stocks in the same industry.

CCEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CCEP is lagging the market.

In the last month CCEP has a been trading in a tight range between 74.10 and 78.30.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COCA-COLA EUROPACIFIC PARTNE / CCEP Weekly stock chart

COCA-COLA EUROPACIFIC PARTNE / CCEP Daily stock chart

Setup Rating and Analysis

CCEP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 74.20, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

71.58

85.55

2 important support areas can be observed.

A support zone ranging from 74.10 to 74.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @72.30 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 75.20 to 79.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 83.70 to 84.70. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for CCEP.AS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CCEP.AS is down.
ChartMill Relative Strength	24.44	NEGATIVE	CCEP.AS has a low relative strength, it was outperformed by 75.56% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CCEP.AS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CCEP.AS is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of CCEP.AS is below the rising SMA(200).
Relative Strength Index/RSI (14)	42.8	NEUTRAL	The RSI value for CCEP.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests CCEP.AS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	17.54	OVERSOLD	The low Stochastics value suggests CCEP.AS may be oversold.
Average True Range in percent/ATR (20)	1.97	LOW VOLATILITY	The low ATR as a percentage value for CCEP.AS suggests low volalility.
Average Directional Index/ADX (14)	20.05	NEUTRAL	The ADX value for CCEP.AS suggests a possible start of a new trend.