CCEP Technical Analysis - COCA-COLA EUROPACIFIC PARTNE

Technical Rating and Analysis

Taking everything into account, CCEP scores 1 out of 10 in our technical rating. CCEP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month CCEP has a been trading in the 86.72 - 92.42 range, which is quite wide. It is currently trading near the lows of this range.

CCEP is part of the Beverages industry. There are 33 other stocks in this industry. CCEP outperforms 75% of them.

CCEP has an average volume of 1909180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When compared to the yearly performance of all other stocks, CCEP outperforms 45% of them, which is more or less in line with the market.

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.

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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 87.76, 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

72.14

101.17

3 important support areas can be observed.

Strong support @86.67 from a horizontal line in the daily time frame.
Support @79.84 from a trend line in the weekly time frame.
Support @72.87 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 87.76 to 92.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 100.04 to 100.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for CCEP is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CCEP is down.
ChartMill Relative Strength	45.58	NEUTRAL	CCEP is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CCEP is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CCEP is below a declining 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)	41.33	NEUTRAL	The RSI value for CCEP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests CCEP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	32.75	NEUTRAL	The Stochastics value for CCEP is a neutral value.
Average True Range in percent/ATR (20)	2.02	MEDIUM VOLATILITY	The ATR as a percentage value for CCEP suggests some volalility.
Average Directional Index/ADX (14)	15.4	NEGATIVE	The low ADX value for CCEP suggests a weak or negative trend.