CCEP - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 51.17 EUR
My targets
48.52 EUR (-3.54%)
43.06 EUR (-14.39%)
My analysis
The current short-term bearish acceleration registered on CCEP should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 51.17 EUR. Short-term sellers will use the support located at 48.52 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 43.06 EUR. Crossing this support would then open the door for sellers to target 40.80 EUR. Caution, if there is a return to below 51.17 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CCEP price is 50.30 EUR. The price is lower by -3.64% since the last closing with the lowest point at 49.50 EUR and the highest point at 51.00 EUR. The deviation from the price is +1.62% for the low point and -1.37% for the high point.49.50
51.00
50.30
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CCEP chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 40.80 | 43.06 | 48.52 | 50.30 | 51.17 |
| Change (%) | -18.89% | -14.39% | -3.54% | - | +1.73% |
| Change | -9.50 | -7.24 | -1.78 | - | +0.87 |
| Level | Minor | Minor | Major | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.80 | 52.00 | 52.10 | 52.30 | 52.40 | 52.60 | 52.70 |
| Camarilla | 52.12 | 52.15 | 52.17 | 52.20 | 52.23 | 52.26 | 52.28 |
| Woodie | 51.75 | 51.98 | 52.05 | 52.28 | 52.35 | 52.58 | 52.65 |
| Fibonacci | 52.00 | 52.12 | 52.19 | 52.30 | 52.42 | 52.49 | 52.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.00 | 50.50 | 51.50 | 52.00 | 53.00 | 53.50 | 54.50 |
| Camarilla | 52.09 | 52.23 | 52.36 | 52.50 | 52.64 | 52.78 | 52.91 |
| Woodie | 50.25 | 50.63 | 51.75 | 52.13 | 53.25 | 53.63 | 54.75 |
| Fibonacci | 50.50 | 51.07 | 51.43 | 52.00 | 52.57 | 52.93 | 53.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.70 | 47.80 | 49.30 | 50.40 | 51.90 | 53.00 | 54.50 |
| Camarilla | 50.09 | 50.32 | 50.56 | 50.80 | 51.04 | 51.28 | 51.52 |
| Woodie | 46.90 | 47.90 | 49.50 | 50.50 | 52.10 | 53.10 | 54.70 |
| Fibonacci | 47.80 | 48.79 | 49.41 | 50.40 | 51.39 | 52.01 | 53.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.03 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | -6.98 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 51.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.40 | |
| Elder Ray (13): | -1.31 | |
| Super Trend (3,10): | 53.04 | |
| Zig ZAG (10): | 50.20 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 47.63 | |
| TEMA (21): | 51.95 | |
| Williams %R (14): | -82.05 | |
| Chande Momentum Oscillator (20): | -0.90 | |
| Repulse (5,40,3): | -2.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.74 |
| MA7: | 52.06 | |
| MA20: | 51.28 | |
| MA50: | 50.60 | |
| MA100: | 50.47 | |
| MAexp7: | 51.64 | |
| MAexp20: | 51.39 | |
| MAexp50: | 50.83 | |
| MAexp100: | 49.93 | |
| Price / MA7: | -3.38% | |
| Price / MA20: | -1.91% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | -2.59% | |
| Price / MAexp20: | -2.12% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | +0.74% |
News
The latest news and videos published on CCEP at the time of the analysis were as follows:
- Coca-Cola European Partners plc Announces Annual Financial Report and Summary Document
- NEC Awarded Contract with NSW Telco Authority as Part of CCEP
This member declared not having a position on this financial instrument or a related financial instrument.
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