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Technical Analysis on One LSE-Listed Stock – SSPG

Jul 05, 2024 | Team Kalkine

Read Time :10 Mins

Technical Analysis on One LSE-Listed Stock – SSPG

SSPG:LSE

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (GBX)

Company Overview: SSP Group PLC (LON: SSPG) is an operator of food and beverage outlets in travel locations worldwide. The Company operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands. It operates over 600 locations across 37 countries. These include its own brands, such as Urban Crave, and Nippon Ramen, as well as franchise brands, such as M&S, Starbucks and Burger King. The Company’s segments include North America, Continental Europe, the UK and APAC and EEME. North America includes operations in the United States, Canada and Bermuda. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

SSPG’s Technical Observation:

On the daily timeframe, SSPG's stock is displaying a reversal pattern from recent lows with two consecutive white candles closing at GBX 155.60, signaling an ongoing uptrend. The Relative Strength Index (RSI) at 43.76 indicates sustained bullish sentiment following its move out of oversold territory. Trading below the 21-period and 50-period Simple Moving Averages (SMAs) suggests potential near-term resistance levels. Key support zones are identified at GBX 142.20 and GBX 129.70, while resistance levels are anticipated around GBX 171.20 and GBX 183.90.

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