X

Get our occasional Market Report emails

sent straight to your inbox

There’s no charge for this.

Getting latest data loading
X

Request a Call to Trade

In addition to the daily Research emails, I would also like to receive the Accendo Markets Weekly Newsletter and occasional Market Report emails highlighting various trading opportunities.
When you enter your telephone number, we may call or message you occasionally with trading opportunities. You can opt out at any time
Home / Ranges / Ocado (OCDO.L) 14-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ocado (OCDO.L) 14-02-20

Will Ocado (OCDO.L) shares break support, or will it continue within the current range and return to highs of 1339p? (+18%)

 

  • Currently trading around the 1143p support at 1166.5p (at time of writing).
  • The range has proven robust to date. Will the pattern repeat?
  • The price has traded within this range for some time. However, traders should be mindful of stop-loss placement.
  • Will the price continue in this range, bouncing once again to recent highs of 1339p? (+18%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -18% from 12-month highs; +31% from 12 month lows.

Latest News

 

11 Feb:  Ocado, the online grocery delivery company, posted a larger loss for the year, due primarily to costs incurred from warehouse fires and expenditure on robotic logistics.

10 Feb:  JP Morgan Cazenove reiterates its underweight rating on Ocado Group Plc (OCDO) and increased the target price to 1090p (from 1050p).

31 Jan:  Goldman Sachs reiterates its neutral rating on Ocado Group Plc (OCDO) and increased the target price to 1250p (from 1220p).

23 Jan:  Berenberg has upgraded its rating on Ocado Group Plc (OCDO) to buy (from buy).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.