CCH.L breaks below previous session low
Moving lower for the 2nd day in a row, CCH.L ended Thursday at 2574.00 losing £24.00 (-0.92%). Closing below Wednesday's low at 2578.00, the share confirms its breakout through the previous session's low having traded £10.00 below it intraday.
Thursday's trading range was £26.00 (1.01%), that's below last trading month's daily average range of £44.25. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 2566.00.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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
|Bearish Break through SMA 50||TQ Pro Members Only|
|Down Close Near Low of Period||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Bearish Closing Marubozu||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
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