OCADO GRP. ORD 2P - Daily - Technical analysis published on 10/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 1,249.0 GBX
My targets
1,366.2 GBX (+3.62%)
1,435.0 GBX (+8.84%)
My analysis
The basic bullish trend is very strong on OCADO GRP. ORD 2P but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,249.0 GBX. Crossing the first resistance at 1,366.2 GBX would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1,435.0 GBX as an objective. Caution, a return to below 1,249.0 GBX would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.6
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCADO GRP. ORD 2P price is 1,318.5 GBX. On the day, this instrument lost -2.94% and was between 1,318.5 GBX and 1,358.5 GBX. This implies that the price is at 0% from its lowest and at -2.94% from its highest.1,318.5
1,358.5
1,318.5
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCADO GRP. ORD 2P:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this OCADO GRP. ORD 2P chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,034.0 | 1,146.0 | 1,249.0 | 1,318.5 | 1,366.2 | 1,435.0 |
| Change (%) | -21.58% | -13.08% | -5.27% | - | +3.62% | +8.84% |
| Change | -284.5 | -172.5 | -69.5 | - | +47.7 | +116.5 |
| Level | Minor | Major | Intermediate | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,304.8 | 1,317.2 | 1,337.8 | 1,350.2 | 1,370.8 | 1,383.2 | 1,403.8 |
| Camarilla | 1,349.4 | 1,352.5 | 1,355.5 | 1,358.5 | 1,361.5 | 1,364.6 | 1,367.6 |
| Woodie | 1,309.0 | 1,319.3 | 1,342.0 | 1,352.3 | 1,375.0 | 1,385.3 | 1,408.0 |
| Fibonacci | 1,317.2 | 1,329.8 | 1,337.6 | 1,350.2 | 1,362.8 | 1,370.6 | 1,383.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,216.7 | 1,242.3 | 1,283.7 | 1,309.3 | 1,350.7 | 1,376.3 | 1,417.7 |
| Camarilla | 1,306.6 | 1,312.7 | 1,318.9 | 1,325.0 | 1,331.1 | 1,337.3 | 1,343.4 |
| Woodie | 1,224.5 | 1,246.3 | 1,291.5 | 1,313.3 | 1,358.5 | 1,380.3 | 1,425.5 |
| Fibonacci | 1,242.3 | 1,267.9 | 1,283.7 | 1,309.3 | 1,334.9 | 1,350.7 | 1,376.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,142.7 | 1,207.8 | 1,265.2 | 1,330.3 | 1,387.7 | 1,452.8 | 1,510.2 |
| Camarilla | 1,288.8 | 1,300.0 | 1,311.3 | 1,322.5 | 1,333.7 | 1,345.0 | 1,356.2 |
| Woodie | 1,138.8 | 1,205.9 | 1,261.3 | 1,328.4 | 1,383.8 | 1,450.9 | 1,506.3 |
| Fibonacci | 1,207.8 | 1,254.6 | 1,283.5 | 1,330.3 | 1,377.1 | 1,406.0 | 1,452.8 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.30 | |
| MACD (12,26,9): | 8.4000 | |
| Directional Movement: | 8.3 | |
| AROON (14): | 21.4 | |
| DEMA (21): | 1,332.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,381.0 | |
| Elder Ray (13): | 15.1 | |
| Super Trend (3,10): | 1,227.3 | |
| Zig ZAG (10): | 1,321.5 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 64.00 | |
| TEMA (21): | 1,328.8 | |
| Williams %R (14): | -53.80 | |
| Chande Momentum Oscillator (20): | 16.0 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.00 |
| MA7: | 1,321.9 | |
| MA20: | 1,315.4 | |
| MA50: | 1,311.4 | |
| MA100: | 1,246.0 | |
| MAexp7: | 1,330.3 | |
| MAexp20: | 1,321.3 | |
| MAexp50: | 1,300.2 | |
| MAexp100: | 1,263.7 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | +5.82% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +1.41% | |
| Price / MAexp100: | +4.34% |
News
The latest news and videos published on OCADO GRP. ORD 2P at the time of the analysis were as follows:
- Kroger and Ocado Announce Two Additional Sites for High-Tech Customer Fulfillment Centers
-
Are Ocado and M&S set for a tie-up?
-
Fevertree 'encouraged' with 2018 trading; Ocado rockets on US deal
-
Could Amazon be about to launch a bid for Ocado?
-
Ocado Group PLC's European deal likely to be first of many says ETX's Neil Wilson
This member declared not having a position on this financial instrument or a related financial instrument.
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