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Ocado Group (OCDO)

2,238.00p

16:06 11/08/20

  • 1.68% 37.00p
  • Today's Low & High
  • 2,176.31 / 2,259.00
  • Open / Previous Close
  • 2,191.00 / 2,238.00
  • 52-week range
  • 85.34% 1,030.50p
  • Volume
  • 1,277,409
  • Market Cap(million)
  • £16,738.71m

2,246.00p REAL TIME BATS

  • 16:30 11/08/20
  • 2.18%
  • 48.00p

Technical Analysis

Support and resistance levels

S1

20.64
-6.00%

R1

22.40
2.00%

S2

10.55
-52.00%

R2

29.00
32.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 21.66
  • 21.20
  • Levels of negotiation support resistance
  • 22.48
  • 22.84

Technical situation

Bullish in the long term, although it must still break above the resistance at 22.4 to slightly improve in the short term.

Recommendation

Short term comment

Even though the long term trend or scenario is bullish, in the mid term it just stands for neutral. Only if it could rise above the first important resistance at 22.4, intermediate terms would be bullish-biased together with the long-term structure.

Long term comment

From some months ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 78.98 65.13 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 66.85 61.31 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 62.99 59.67 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 60.10 58.84 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 57.28 56.89 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Bullish trend exhaustion signals, without turning signal.
Simple Moving Average 7 21.43 21.65 Very short-term trend is bullish.
Simple Moving Average 21 20.99 21.08 Bullish mid-term trend.
Simple Moving Average 50 20.64 20.64 Bullish mid-term trend.
Simple Moving Average 200 15.35 15.39 Extremely bullish long-term trend.
Exponential Moving Average 7 21.66 21.74 Very short-term trend is bullish.
Exponential Moving Average 21 21.09 21.18 Bullish mid-term trend.
Exponential Moving Average 50 21.09 21.18 Indefinite mid-term trend.
Exponential Moving Average 200 21.09 21.18 Indefinite long-term trend.
MACD Line 0.41 0.43 Price following bearish trend.
MACD Signal 0.28 0.31 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 21.07 21.21 Very short-term trend is bullish.
Double Exponential Moving Average 21 20.54 20.59 Bullish mid-term trend.
Double Exponential Moving Average 50 20.54 20.59 Bullish mid-term trend.
Double Exponential Moving Average 200 20.54 20.59 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 86,964.92 99,606.69 OBV is bullish
Momentum 7 1.89 1.48 Extremely high rising speed in the very short term.
Momentum 7 0.92 0.66 Strong, though not extreme, rising speed in the short term.
% K Williams 11.24 26.36 Neutral, doesn't favour a price turn.
Priority Date Notification
11/08/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
04/08/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
03/08/2020 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
31/07/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
30/07/2020 By being close (below) the short/mid-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
29/07/2020 By being close (above) the short/mid-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
22/07/2020 By being close (above) the short-term Moving Average, it could move, if only temporarily, upwards, though the signal would revert to bearish if it should break below the MA
14/07/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
14/07/2020 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
13/07/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
10/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish