OCADO GRP. ORD 2P - Daily - Technical analysis published on 01/16/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1,253.8 GBX
My targets
1,369.0 GBX (+2.28%)
1,397.5 GBX (+4.41%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on OCADO GRP. ORD 2P. This is a positive signal for buyers. As long as the price remains above 1,253.8 GBX, a purchase could be considered. The first bullish objective is located at 1,369.0 GBX. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,397.5 GBX as an objective. Crossing it would then enable buyers to target 1,435.0 GBX. In the event of a return below 1,253.8 GBX, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCADO GRP. ORD 2P rating 1,338.5 GBX. The price has increased by +2.72% since the last closing and was between 1,294.5 GBX and 1,345.5 GBX. This implies that the price is at +3.40% from its lowest and at -0.52% from its highest.1,294.5
1,345.5
1,338.5
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:
Technical
Technical analysis of OCADO GRP. ORD 2P in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,198.8 | 1,253.8 | 1,324.7 | 1,338.5 | 1,369.0 | 1,397.5 | 1,435.0 |
| Change (%) | -10.44% | -6.33% | -1.03% | - | +2.28% | +4.41% | +7.21% |
| Change | -139.7 | -84.7 | -13.8 | - | +30.5 | +59.0 | +96.5 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,223.5 | 1,239.0 | 1,259.5 | 1,275.0 | 1,295.5 | 1,311.0 | 1,331.5 |
| Camarilla | 1,270.1 | 1,273.4 | 1,276.7 | 1,280.0 | 1,283.3 | 1,286.6 | 1,289.9 |
| Woodie | 1,226.0 | 1,240.3 | 1,262.0 | 1,276.3 | 1,298.0 | 1,312.3 | 1,334.0 |
| Fibonacci | 1,239.0 | 1,252.8 | 1,261.3 | 1,275.0 | 1,288.8 | 1,297.3 | 1,311.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,177.2 | 1,207.8 | 1,236.7 | 1,267.3 | 1,296.2 | 1,326.8 | 1,355.7 |
| Camarilla | 1,249.1 | 1,254.6 | 1,260.1 | 1,265.5 | 1,271.0 | 1,276.4 | 1,281.9 |
| Woodie | 1,176.3 | 1,207.4 | 1,235.8 | 1,266.9 | 1,295.3 | 1,326.4 | 1,354.8 |
| Fibonacci | 1,207.8 | 1,230.6 | 1,244.6 | 1,267.3 | 1,290.1 | 1,304.1 | 1,326.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,078.3 | 1,126.7 | 1,201.3 | 1,249.7 | 1,324.3 | 1,372.7 | 1,447.3 |
| Camarilla | 1,242.2 | 1,253.5 | 1,264.7 | 1,276.0 | 1,287.3 | 1,298.6 | 1,309.8 |
| Woodie | 1,091.5 | 1,133.3 | 1,214.5 | 1,256.3 | 1,337.5 | 1,379.3 | 1,460.5 |
| Fibonacci | 1,126.7 | 1,173.7 | 1,202.7 | 1,249.7 | 1,296.7 | 1,325.7 | 1,372.7 |
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): | 57.40 | |
| MACD (12,26,9): | 17.5000 | |
| Directional Movement: | 6.5 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 1,290.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,355.5 | |
| Elder Ray (13): | 5.6 | |
| Super Trend (3,10): | 1,205.4 | |
| Zig ZAG (10): | 1,303.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 52.30 | |
| TEMA (21): | 1,303.9 | |
| Williams %R (14): | -30.30 | |
| Chande Momentum Oscillator (20): | 37.5 | |
| Repulse (5,40,3): | 3.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 7.70 |
| MA7: | 1,292.9 | |
| MA20: | 1,267.8 | |
| MA50: | 1,229.9 | |
| MA100: | 1,271.5 | |
| MAexp7: | 1,286.8 | |
| MAexp20: | 1,268.6 | |
| MAexp50: | 1,253.9 | |
| MAexp100: | 1,248.2 | |
| Price / MA7: | +3.53% | |
| Price / MA20: | +5.58% | |
| Price / MA50: | +8.83% | |
| Price / MA100: | +5.27% | |
| Price / MAexp7: | +4.02% | |
| Price / MAexp20: | +5.51% | |
| Price / MAexp50: | +6.75% | |
| Price / MAexp100: | +7.23% |
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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