Indicators argue for a technical correction after the last bullish movement recorded in past sessions.

From a fundamental viewpoint the company appears overvalued. P/E Ratio for the current year is at 33.7x and expected at 25.4x for next year. With a valuation ratio of 4.85x, the overvaluation is confirmed.

Technically, the security could run out of steam close to the GBp 965.5 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and it should expect a return to GBp 899.5. Indicators that show an overbought situation confirm this scenario.

Therefore, the proximity of the short-term resistance suggests a consolidation or a correction phase in the coming sessions. The most offensive will open a short position at current prices to target a return on the GBp 899.5 support. The stop-loss will be set at GBp 971.