CCH.L closes higher for the 7th day in a row

Coca-Cola HBC AG (CCH.L) Technical Analysis Report for Jul 13, 2018

Highlights

CCH.L closes higher for the 7th day in a row
CCH.L pushes through previous session high
CCH.L rises to highest close since Inception
CCH.L ends the day indecisive

TQ Sentiment

Report Sentiment:
25% Bullish
Technical Forecast:

Overview

Moving higher for the 7th day in a row, CCH.L ended the week 7.05% higher at 2748.00 after edging higher £9.00 (0.33%) today. Today's closing price of 2748.00 marks the highest close since Inception. Closing above Thursday's high at 2743.00, the stock confirms its breakout through the prior session's high having traded £34.00 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for CCH.L

Volatility

Friday's trading range was £43.00 (1.57%), that's slightly below last trading month's daily average range of £44.75. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Coca-Cola HBC AG

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