OCADO GRP. ORD 2P - Weekly - Technical analysis published on 11/27/2024 (GMT)
- 116
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 339.9 GBX
My targets
298.9 GBX (-8.45%)
255.3 GBX (-21.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OCADO GRP. ORD 2P as long as the price remains well below 339.9 GBX. The sellers' bearish objective is set at 298.9 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 255.3 GBX. In case of crossing, the next objective would be the support located at 55.7 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by lchamberlain. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCADO GRP. ORD 2P rating is 326.5 GBX. The price is up +7.16% over 5 days and was traded between 307.0 GBX and 334.0 GBX over the period. The price is currently at +6.35% from its lowest point and -2.25% from its highest point.307.0
334.0
326.5
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Weekly of this OCADO GRP. ORD 2P chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 55.7 | 326.5 | 339.9 | 976.4 | 1,435.0 |
| Change (%) | -82.94% | - | +4.10% | +199.05% | +339.51% |
| Change | -270.8 | - | +13.4 | +649.9 | +1,108.5 |
| Level | Minor | - | Major | Intermediate | Intermediate |
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 | 311.7 | 315.9 | 318.8 | 323.0 | 325.9 | 330.1 | 333.0 |
| Camarilla | 319.9 | 320.5 | 321.2 | 321.8 | 322.5 | 323.1 | 323.8 |
| Woodie | 311.2 | 315.6 | 318.3 | 322.7 | 325.4 | 329.8 | 332.5 |
| Fibonacci | 315.9 | 318.6 | 320.3 | 323.0 | 325.7 | 327.4 | 330.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 271.5 | 286.0 | 296.0 | 310.5 | 320.5 | 335.0 | 345.0 |
| Camarilla | 299.4 | 301.6 | 303.9 | 306.1 | 308.4 | 310.6 | 312.8 |
| Woodie | 269.4 | 284.9 | 293.9 | 309.4 | 318.4 | 333.9 | 342.9 |
| Fibonacci | 286.0 | 295.3 | 301.1 | 310.5 | 319.8 | 325.6 | 335.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.3 | 298.9 | 323.4 | 367.0 | 391.5 | 435.1 | 459.6 |
| Camarilla | 329.2 | 335.4 | 341.7 | 347.9 | 354.1 | 360.4 | 366.6 |
| Woodie | 245.8 | 294.1 | 313.9 | 362.2 | 382.0 | 430.3 | 450.1 |
| Fibonacci | 298.9 | 324.9 | 341.0 | 367.0 | 393.0 | 409.1 | 435.1 |
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): | 41.50 | |
| MACD (12,26,9): | -21.6000 | |
| Directional Movement: | -4.7 | |
| AROON (14): | -64.3 | |
| DEMA (21): | 325.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 382.5 | |
| Elder Ray (13): | -25.1 | |
| Super Trend (3,10): | 426.4 | |
| Zig ZAG (10): | 326.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 11.20 | |
| TEMA (21): | 334.9 | |
| Williams %R (14): | -76.90 | |
| Chande Momentum Oscillator (20): | -10.0 | |
| Repulse (5,40,3): | -7.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7000 | |
| Courbe Coppock: | 14.50 |
| MA7: | 315.9 | |
| MA20: | 331.4 | |
| MA50: | 355.0 | |
| MA100: | 363.1 | |
| MAexp7: | 334.9 | |
| MAexp20: | 355.5 | |
| MAexp50: | 415.5 | |
| MAexp100: | 556.4 | |
| Price / MA7: | +3.36% | |
| Price / MA20: | -1.48% | |
| Price / MA50: | -8.03% | |
| Price / MA100: | -10.08% | |
| Price / MAexp7: | -2.51% | |
| Price / MAexp20: | -8.16% | |
| Price / MAexp50: | -21.42% | |
| Price / MAexp100: | -41.32% |
Quotes :
-
15 min delayed data
-
London Stock Exchange
News
The latest news and videos published on OCADO GRP. ORD 2P at the time of the analysis were as follows:
- Ocado Retail Trading Update
- Kroger and Ocado Announce Two Additional Sites for High-Tech Customer Fulfillment Centers
-
Are Ocado and M&S set for a tie-up?
-
Could Amazon be about to launch a bid for Ocado?
-
Ocado Group
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis OCADO GRP. ORD 2P - Weekly