COCA-COLA HBC AG ORD CHF6.70 (CDI) - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 2,483 GBX
My targets
2,367 GBX (-3.43%)
2,299 GBX (-6.20%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on COCA-COLA HBC AG ORD CHF6.70 (CDI). As long as you are under the resistance located at 2,483 GBX, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,367 GBX would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,299 GBX as an objective. Crossing it would then enable sellers to target 2,230 GBX. If the resistance 2,483 GBX were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.4
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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 COCA-COLA HBC AG ORD CHF6.70 (CDI) rating is 2,451 GBX. The price registered a decrease of -0.12% on the session and was traded between 2,428 GBX and 2,476 GBX over the period. The price is currently at +0.95% from its lowest and -1.01% from its highest.2,428
2,476
2,451
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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
Technical
A technical analysis in Daily of this COCA-COLA HBC AG ORD CHF6.70 (CDI) chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,230 | 2,299 | 2,367 | 2,451 | 2,483 | 2,555 | 2,675 |
| Change (%) | -9.02% | -6.20% | -3.43% | - | +1.31% | +4.24% | +9.14% |
| Change | -221 | -152 | -84 | - | +32 | +104 | +224 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,387 | 2,415 | 2,435 | 2,463 | 2,483 | 2,511 | 2,531 |
| Camarilla | 2,441 | 2,445 | 2,450 | 2,454 | 2,458 | 2,463 | 2,467 |
| Woodie | 2,382 | 2,413 | 2,430 | 2,461 | 2,478 | 2,509 | 2,526 |
| Fibonacci | 2,415 | 2,434 | 2,445 | 2,463 | 2,482 | 2,493 | 2,511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,201 | 1,221 | 1,233 | 1,252 | 1,265 | 1,284 | 1,297 |
| Camarilla | 1,237 | 1,240 | 1,243 | 1,246 | 1,249 | 1,252 | 1,255 |
| Woodie | 1,198 | 1,219 | 1,230 | 1,251 | 1,262 | 1,283 | 1,294 |
| Fibonacci | 1,221 | 1,233 | 1,240 | 1,252 | 1,265 | 1,272 | 1,284 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,820 | 2,058 | 2,204 | 2,442 | 2,588 | 2,826 | 2,972 |
| Camarilla | 2,244 | 2,280 | 2,315 | 2,350 | 2,385 | 2,420 | 2,456 |
| Woodie | 1,774 | 2,035 | 2,158 | 2,419 | 2,542 | 2,803 | 2,926 |
| Fibonacci | 2,058 | 2,205 | 2,295 | 2,442 | 2,589 | 2,679 | 2,826 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.00 | |
| MACD (12,26,9): | -10.0000 | |
| Directional Movement: | 4 | |
| AROON (14): | 42 | |
| DEMA (21): | 2,393 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,608 | |
| Elder Ray (13): | 35 | |
| Super Trend (3,10): | 2,610 | |
| Zig ZAG (10): | 2,439 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 2,430 | |
| Williams %R (14): | -58.00 | |
| Chande Momentum Oscillator (20): | 99 | |
| Repulse (5,40,3): | -4.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 8.00 |
| MA7: | 2,445 | |
| MA20: | 2,382 | |
| MA50: | 2,491 | |
| MA100: | 2,628 | |
| MAexp7: | 2,429 | |
| MAexp20: | 2,419 | |
| MAexp50: | 2,487 | |
| MAexp100: | 2,571 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | -1.61% | |
| Price / MA100: | -6.74% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | -1.45% | |
| Price / MAexp100: | -4.67% |
This member declared not having a position on this financial instrument or a related financial instrument.
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