Marks & Spencer: A Rocky Start to Fiscal 2026MARKS & SPENCER GROUP ORD GBP0.01LSE_DLY:MKSThe_STADespite a strong start to the year, Marks & Spencer’s momentum has been overshadowed by a major cyberattack, disrupting online operations from April through July. While their reshaping strategy continues to deliver gains in volume, market share, and profitability, the breach is expected to dent fiscal 2026 operating profit by ~£300M. An analyst warns of short-term reputational damage, and shares are down ~12% YTD. 📊 Technical View: The price remains under pressure. A weekly close below 319.20 (Jan low) would complete a sizeable double top, with a potential 100-point downside target. The 200-week moving average at 239 is our initial target. Upside resistance? The 55-week moving average at 359. Unless that’s cleared, pressure likely remains. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.