Coca-Cola Europacific Gains 3.14% to 96.52 Amid Bullish Technical Breakout

Coca-Cola Europacific (CCEP) rose 3.14% in the latest session, marking its fourth consecutive gain with a 5.95% advance over this period, closing at 96.52.
Candlestick Theory
Recent price action shows a bullish breakout pattern, with the latest large green candle breaching the resistance zone near 94.00–94.50. This level previously capped rallies in early June and now acts as support. Resistance is evident around 96.50–97.00, coinciding with the year-to-date high. The consecutive green candles signal strong buyer momentum, but a close above 96.55 (recent high) would confirm further upside.
Moving Average Theory
The 50-day MA (≈89.50) and 100-day MA (≈84.80) slope upward, confirming the longer-term bullish trend. Shorter-term averages are accelerating: The price trades significantly above all three key MAs (50/100/200-day), with the 50-day poised to cross above the 100-day. The ascending 200-day MA (≈81.20) reinforces structural support. Current price divergence above the 50-day MA (∼6% premium) may invite consolidation but maintains an overall bullish alignment.
MACD & KDJ Indicators
MACD lines are above the zero line with a widening histogram, confirming bullish momentum. KDJ shows the %K line at 85 and %D at 78, hovering near overbought territory (>80) but not yet peaking. While this suggests near-term exhaustion risk, the absence of bearish divergences implies sustained upward pressure. Confluence between MACD’s positive crossover and KDJ’s elevated readings supports continuation potential.
Bollinger Bands
Price touches the upper Bollinger Band (∼96.20) amid expanding bandwidth, signaling increasing volatility and strong upside momentum. The breach of the upper band—coupled with volume expansion—suggests a potential continuation pattern. Support rests at the middle band (20-day MA, ≈92.50), which aligns with the July 1 low.
Volume-Price Relationship
Volume surged 24% during the latest breakout (2.59M shares vs. 2.09M prior), validating the bullish move. This contrasts with the moderate volume during June’s sideways consolidation. Notably, accumulation days (price up + volume up) dominate the recent rally, indicating institutional participation. Resistance breaks were consistently confirmed with above-average volume.
Relative Strength Index (RSI)
The 14-day RSI reads 68, nearing overbought territory (>70) but lacking bearish divergence. While elevated, RSI has room to extend upward as seen in prior trends (e.g., April-May surge to 75 without immediate reversal). Caution is warranted if RSI sustains above 70 with thinning volume, though current momentum suggests further near-term strength.
Fibonacci Retracement
Using the swing low of 75.08 (2024-08-13) and high of 96.55 (2025-07-03), key Fibonacci levels emerge: 23.6% (92.50) and 38.2% (89.30). The 92.50 level held as support during early July pullbacks, aligning with the 20-day MA. A close below 92.50 may target 89.30, but the absence of retracement depth during the current uptrend reinforces bullish control.
Confluence and Divergences
Confluence is observed at 92.50–93.00 (Bollinger middle band, Fibonacci 23.6%, and prior resistance flip). Bullish agreement appears via volume-supported price breakout, MACD momentum, and MA alignment. No significant divergences are noted; however, KDJ and RSI approach overbought zones, introducing short-term caution. The overall technical structure favors upside continuation toward 100.00, provided support at 94.50 holds.