Tesco PLC technical analysis
Technical analysis of Tesco PLC (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Tesco PLC
Tesco PLC is a grocery retailer operating in the United Kingdom, Republic of Ireland, Czech Republic, Slovakia, and Hungary, offering food products through stores and online channels. The company also engages in food and drink wholesaling activities, provides mobile virtual network operating services, insurance products, and consultancy services. Founded in 1919, Tesco operates a network of convenience stores and related services.
Description generated automatically from public sources; it may be inaccurate or out of date.
Tesco PLC: latest session data
Closing values for October 14, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
486.50 GBp
+9.89%
50 sessions
473.76 GBp
+12.84%
200 sessions
466.55 GBp
+14.59%
Session levels
s2
512.33
Support
s1
520.07
Support
pivot
523.93
Pivot
r1
531.67
Resistance
r2
535.53
Resistance
How to read it
In the October 14, 2026 session Tesco PLC closed higher at 534.60 GBp, +1.29% versus the previous session.
The price sits above every moving average observed: +9.89% against the 21-session average, +12.84% against the 50 and +14.59% against the 200.
The 14-period RSI reads 77.8, in overbought territory.
MACD stands at 13.200 against a signal line at 7.066: the histogram is positive (+6.134).
ADX reads 25.2, indicating a marked directionality.
Levels computed on the latest session place supports at 520.07 and 512.33 GBp and resistances at 531.67 and 535.53 GBp, around a pivot of 523.93.
The average daily range (ATR) is 11.094 GBp, or 2.08% of price.
Turnover was 12.3M shares, 85% of the 20-session average.
Over the last twelve months the price ranged between 428.50 and 535.60 GBp, and today stands −0.19% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Tesco PLC
How is Tesco PLC analysed technically?
Technical analysis of Tesco PLC is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Tesco PLC?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Tesco PLC?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Tesco PLC it helps frame the technical structure of the historical chart and is not a forecast.
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