- The main driver for booting the performance of the FTSE 250 index is JD stock which highly outperformed, check FTSE 250 technical analysis.
During the last month, the FTSE 250‘s up 9.3%, which means that underlying stocks performed well, but there is one single stock underly the FTSE 250 that has rocketed 31% over the period. So this stock was the index hero.
FTSE 250’s Hero stock
JD Wetherspoon is one of the UK’s largest companies working in pub and hotel operations, and it runs over 900 pubs and hotels. They have a competitive advantage of selling a lot of things at low prices, but their business plan is working very well.
In response to the strong increase in sales at JD, the stock rapidly went up and reached high levels. The company reported that they have a 5.6% increase in sales through 13 weeks until the end of April. So the company kept buying back its shares, which led investors to feel confident in this stock because it’s a good indicator that the company has a good cash flow.
Fundamental Factor supporting FTSE250
FTSE250 is enjoying a very positive outlook. In response to the well-performing UK economy situation and also investors are feeling more optimistic about the economy and their finances. Since the BOE cut interest rates again last week, the market is still expecting another interest rate cut later this year. which indicates that the bullish scenario for the FTSE250 is highly recommended as well.
Technical outlook for the FTSE250
FTSE 250 has been impressively going up and positively since 22nd April,2025. The index was tested many times with different strong resistance levels and successfully broke through these levels and went up.
According to the daily time frame, the pivot point for the FTSE 250 is 19,075.24. Now the index will face two strong resistances at 20,051.69 and 20,654.94. Any break above these levels will support the bullish case.
On the flip side, the support levels are s1, 18,98.79, and s2, 17,495.50. This is based on Fibonacci retracement. The bearish scenario is not expected because the factors affecting the index are recommending a positive way and up trend.
What is the FTSE 250 Index?
This index represents the second largest 250 UK Companies listed on the London Stock Exchange after the top 100 companies, which are listed on the FTSE 100 Index. (FTSE100 Flat: All Eyes on BOE)Investors are viewing the FTSE 250 as an indicator of the health of the UK domestic economy. And this is what we mentioned above. When the FTSE 250 is performing well, this indicates a well-performing economy, because this index includes companies that tend to generate most of their revenues from the UK, compared to international companies listed in the FTSE 100.