TESCO PLC Technical Analysis | TSCO.L | GB0008847096

The price is ascending at a quick rate. Watch out for retracements under 416.905 which can be considered as bearish trend exaggerations and would set the stock as an interesting buying opportunity.

MEDIUM TERM COMMENTARY

Medium term price trend Tesco is still bullish this week. This market keeps a relative behavior lower -3.3197 than FTSE 100 INDEX. Volatility has been decreasing during last month. Be alert to the proximity of resistance 434, and a possible retracement from this level.

RISK ANALYSIS

Alpha:	0.0053
Beta:	0.3821
R2:	0.1589
Relative Performance:	-3.3197%
Relative Strength:	0.6961
Retractment from maximum:	-1.3018%
Quarterly Volatility:	18.4462%
Distance to 20 days moving average:	2.5054%
Distance to 200 days moving average:	17.4129%

Intraday

1 year

PERFORMANCE SUMMARY (24/11/2009)

Last Price:	428.35
Since Dec. 31st:	18.9861%
Last Month:	9.9179%
Last Week:	-0.5802%
Reference Index:	FTSE 100
Correlation:	0.3986
Support:	369.4
Resistance:	434
Trend:
Cycle phase this week:
Cycle phase last week:
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•	Technical Analysis