0.14% for Tesco stock — daily chart momentum remains weak despite buybacks

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Tesco rises 0.14% to GBX 439.70

Highlights

Tesco repurchased and cancelled 1,109,368 ordinary shares on December 17, 2025 as part of its ongoing share buyback programme.
The company executed an additional repurchase of 1,345,882 shares under its £1.45 billion buyback initiative, advancing the programme's progression.
These buybacks aim to enhance shareholder value by reducing the number of shares in circulation, supporting capital return objectives.

Share buybacks boost sentiment as Tesco reduces share float

Tesco has announced the purchase and cancellation of 1,109,368 ordinary shares on December 17, 2025 as part of its ongoing share buyback programme. In a related update, the company reported repurchasing an additional 1,345,882 shares under its £1.45 billion buyback initiative. These actions aim to advance shareholder value by reducing the number of shares in circulation.

Weak momentum and oversold signals as sellers dominate flows

Momentum on the daily chart remains weak, with MACD signaling a sell and ADX at 14.92 confirming a lack of trend strength. Oscillators show TSCO is oversold — RSI stands at 41.70, Stoch RSI at 6.21, and CCI at -116.26 — while BBP at -2.44 indicates sellers are dominating intraday flows. The Ichimoku Kijun at GBX 447.15 acts as the nearest resistance, with MA-200 around GBX 408.20 providing robust long-term support. Today's narrow trading range (GBX 437.00 to GBX 442.00) and sideways movement reflect weak momentum despite slightly positive daily action.

Probable short-term rebound as oversold levels attract buying

Over the next five trading days, TSCO is likely to trade within its typical volatility band between GBX 430.00 and GBX 445.00. Oversold technical readings suggest short-term buying may emerge, giving a 75% probability for an upward move in the near term. Clearing resistance at GBX 447.00 could open a path toward GBX 450.00 – 455.00, while a drop below GBX 430.00 may accelerate selling toward the GBX 420.00 region before stronger long-term support intervenes.

Anton Kharitonov, expert at Traders Union, notes that Tesco’s price remains under short- and medium-term pressure, but long-term support is intact. He sees recent buyback actions as positive, but technical momentum remains weak with oversold signals dominating. The analyst remains cautious and predicts limited upside unless key resistance at GBX 447.00 is breached. "Until TSCO reclaims GBX 447.00, I see little reason to chase the stock on the long side."

Previously it was reported that Tesco is trading below its short- and medium-term moving averages with momentum indicators such as RSI, CCI, and MACD signaling persistent weakness and oversold conditions, while strong support remains above its longer-term moving average. Analysts note that resistance is established near the Ichimoku Kijun level and support at the MA-200, with the price expected to consolidate sideways in the near term unless a breakout occurs.

Source of Data: TSCO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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