Bullish Momentum with Overbought SignΤechnical Analysis Report: Bullish Momentum with Overbought Signals
JUMBO: Shareholder Update on Q1 2025 Sales Performance
The JUMBO Group, staying true to its commitment to investors and consumers, is releasing today the latest figures regarding March sales and overall performance for the first quarter of 2025.
The recent global trade turbulence, sparked by a new wave of tariff conflicts, is reshaping international commerce, creating an unpredictable environment and heightening mid-term uncertainty.
Sales Overview
JUMBO Group's sales for March 2025 decreased by approximately -2% compared to the same month last year. This decline is largely attributed to seasonality in Greece and Cyprus, as Carnival was celebrated on March 2 this year, versus March 17 in 2024.
In contrast, total Q1 2025 sales for the Group increased by approximately +8% year-on-year.
Additionally, sales during the first 15 days of April suggest a rebound in growth pace, following the temporary disruption in March caused by earlier seasonal demand for Carnival-related products.
Key Context
The Group highlights to its shareholders that the current volatility in global trade makes it nearly impossible to reliably plan for costs and inventory—especially for businesses with significant import/export operations.
One of the few short-term positives is the favorable exchange rate trends and the notable drop in global oil prices.
More detailed information—and potentially a first management outlook on the Group’s 2025 financials—will be shared in the annual financial results for FY 2024, scheduled for release on April 28, 2025.
Sales by Country
Greece
In March 2025, net sales of the parent company (excluding intercompany transactions) fell by about -7% year-on-year.
For Q1 2025 overall, net sales rose approximately +10% compared to the same period last year.
Cyprus
Sales in Cyprus stores declined -8% in March 2025 compared to the previous year.
However, Q1 2025 sales were up around +6% year-on-year.
Bulgaria
Sales in Bulgaria were up by about +4% in March 2025 year-on-year.
Overall Q1 sales in the country increased by approximately +2%.
Romania
Sales from both physical stores and the e-shop rose by roughly +12% in March 2025.
Q1 sales in Romania were up by about +6% compared to the same period last year.
Store Network
As of March 31, 2025, the JUMBO Group operated 89 stores:
53 in Greece
6 in Cyprus
10 in Bulgaria
20 in Romania
The Group also operates e-shops in Greece, Cyprus, and Romania.
Through partnerships, JUMBO-branded stores are present in 7 additional countries—Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, and Israel—with a total of 40 partner-operated stores. Notably, the Group opened its third large-format JUMBO store in Israel in early April.
Technical Analysis Report
As of the latest trading session, the stock is showing strong bullish momentum, with multiple technical indicators supporting the continuation of the uptrend.
🔹 Price Action
The stock is currently trading at €26.08, having formed a strong recovery from the recent low of €23.06. The price has now surpassed previous resistance levels, nearing the recent high at €25.86, which may act as a short-term resistance.
🔹 Fibonacci Retracement Levels
A Fibonacci retracement applied from the low of €23.06 to the high of €25.86 highlights key support zones:
23.6% level: €25.20
38.2% level: €24.80
50.0% level: €24.46
61.8% level: €24.13
78.6% level: €23.66
These levels serve as potential support in case of a pullback.
🔹 Exponential Moving Averages (EMA)
The stock is trading above all major EMAs, which is a clear bullish signal:
EMA 20: €25.65
EMA 50: €25.25
EMA 100: €25.10
EMA 200: €25.35
This crossover pattern confirms strong upward momentum and a likely trend continuation.
🔹 MACD Indicator
MACD Line: 0.2102
Signal Line: 0.2064
Histogram: 0.0039
The MACD is slightly above the signal line, indicating bullish momentum, though the small histogram suggests this strength is moderate.
🔹 Relative Strength Index (RSI)
Current RSI: 72.12
RSI Moving Average: 64.38
The RSI is currently above 70, placing the stock in overbought territory. This could indicate a potential short-term consolidation or correction, though not necessarily a trend reversal.
The technical indicators collectively suggest a bullish outlook. However, with the RSI entering overbought levels, traders should be cautious of a possible pullback toward support zones at €25.20 or €24.80. A breakout above €25.86 could signal further upside potential.
