<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CCH share price: The company is posting good revenue growth alongside high returns to its shareholders</a> </li> 
 <li> <span>2</span> <a>The current trend in the stock is negative while the share price is near a support level&nbsp;</a> </li> 
 <li> <span>3</span> <a>The RSI is showing a significant sign, know the levels and the prediction below.</a> </li> 
</ul> 
<p>On a fundamental level, Coca-Cola HBC (LON: CCH) is considered a solid and attractive option for investors. The revenue growth has been consistent with a compound annual growth rate (CAGR) of 6.24% over the past 4 years.&nbsp;</p> 
<p>Another significant positive aspect is the company’s consistent positive cash flow, which has maintained profitability ratios at an optimum level. The return on equity of 20% with a price-to-earnings ratio is just 14. That makes it a favourable stock to hold for the long term. Let us see the Technical levels.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-cch-share-price-strong"><strong>Technical Analysis and Prediction of CCH Share Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586.png" alt="CCH Share Price: High ROE with Attractive PE, Should You Buy?" class="wp-image-176947" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-586-1140x569.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=LSE%3ACCH"> tradingview.com </a>(Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>The CCH share prices started rising after the bulls claimed a significant support level of £1906 back in February. It was the start of a bullish rally that broke primary resistance levels along the way. When the month of May came, the bulls were already on the top of the mountain with a high of&nbsp; £2581. It was the 52-week high of CCH share price.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-current-price-action-strong"><strong>The Current Price Action</strong></h3> 
<p>At press time, the CCH <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" target="_blank" rel="noreferrer noopener">share price</a> is trading at the level of £2131 after restring at its demand zone of £2099. The immidiate resistance for the stock from here is at £2258 while the second resistance level is at £2401. The price is swinging between supports and resistances, while the indicators are also giving some insights into the short-term price action.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-what-the-indicators-are-showing-strong"><strong>What the Indicators are Showing?</strong></h3> 
<p>The 50-day exponential moving average price is at £2223 after making a bearish crossover with the 150-Day EMA at the start of this month. The Relative Strength Index, on the other hand, has just bounced off its oversold level of 30. At present, the RSI has done a bullish crossover with its Simple Moving Average Line (SMA). It implies that the bulls are showing strength.</p> 
<p>If the bulls are successful in claiming the support level of £2099 and rebounding off it, the prediction for the CCH share price will be bullish. However, the current trendline is closing down, which means that the bulls will need to surpass it as well.&nbsp;</p> 
<p>Not forgetting that the downtrend can only be broken if the share price makes a higher low above it. In this case, it will be possible if the stock can sustain above the resistance level of £2258.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The Coca-Cola HBC (LON: CCH) stock is performing very well on a fundamental basis, making this stock favourable for long-term investment. From a technical standpoint, the CCH share price is trying to claim a support level. The price prediction will be bullish as the RSI is indicating strength.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: £2099 and £1989</p> 
<p>Resistance: £2258, and £2401</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks comes with a risk of financial loss.</p>

CCH Share Price: High ROE with Attractive PE, Should You Buy?

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