COCA-COLA EUROPACIFIC PARTNE (CCEP) Stock Technical Analysis
NASDAQ:CCEP • GB00BDCPN049
We assign a technical rating of 9 out of 10 to CCEP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCEP is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CCEP did better than 75% of all other stocks.
- CCEP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CCEP has a been trading in the 88.70 - 106.05 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CCEP has an average volume of 1639410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CCEP is an average performer in the Beverages industry, it outperforms 62% of 33 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CCEP has an excellent technical rating, it does not present a decent entry opportunity 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
82.24
3 important support areas can be observed.
- A support zone ranging from 90.20 to 94.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.62 to 87.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.07 from a trend line in the weekly time frame.
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 CCEP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCEP is up. |
| ChartMill Relative Strength | 75.16 | POSITIVE | CCEP has a high relative strength, it outperformed 75.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCEP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCEP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCEP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 85.5 | OVERBOUGHT | The high RSI value suggests CCEP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests CCEP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.61 | OVERBOUGHT | The high Stochastics value suggests CCEP may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for CCEP suggests low volalility. |
| Average Directional Index/ADX (14) | 45.58 | POSITIVE | The high ADX value value for CCEP suggests a strong trend. |
105.7
+1 (+0.96%)
COCA-COLA EUROPACIFIC PARTNE / CCEP FAQ
Can you provide the ChartMill technical rating for COCA-COLA EUROPACIFIC PARTNE?
ChartMill assigns a technical rating of 9 / 10 to CCEP.
What is the current trend direction of COCA-COLA EUROPACIFIC PARTNE (CCEP) stock?
The current trend direction for COCA-COLA EUROPACIFIC PARTNE (CCEP) is Bullish.
What is the RSI signal for COCA-COLA EUROPACIFIC PARTNE (CCEP) stock?
COCA-COLA EUROPACIFIC PARTNE (CCEP) has an RSI value of 85.5006. This indicates that the stock is currently overbought.
Can you provide the MACD signal for COCA-COLA EUROPACIFIC PARTNE?
The MACD indicator for COCA-COLA EUROPACIFIC PARTNE (CCEP) has a value of 1.08629, indicating a bullish trend.
What is the support and resistance level for CCEP stock?
COCA-COLA EUROPACIFIC PARTNE (CCEP) has a support level at 94.43. Check the full technical report for our detailed analysis of CCEP support and resistance levels.