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The online food retailer performed well, rising 3.08%.
Ocado Group’s one-week trend is weaker than the FTSE 100. This weakness could trigger opportunities for the market to sell the stock.
The technical status of Ocado Group shows signs of worsening with a support area set at 3,409 pounds, while on the upside the resistance area is identified at 3,587. For the next session we could witness a new bearish trend with a target estimated likely at 3,304.
The indications are to be considered merely informational tools, and are in no way intended to constitute financial advice, solicitation to public savings or promotion of any form of investment.
(By the Teleborsa Research Office)
(Photo: © tupungato / 123RF)