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Persimmon (PSN)

2,839.00p

16:09 28/02/20

  • -1.53% -44.00p
  • Today's Low & High
  • 2,737.02 / 2,883.00
  • Open / Previous Close
  • 2,796.00 / 2,839.00
  • 52-week range
  • 16.69% 406.00p
  • Volume
  • 3,683,147
  • Market Cap(million)
  • £9,054.11m

2,831.00p REAL TIME BATS

  • 16:30 28/02/20
  • -1.50%
  • -43.00p

Technical Analysis

Support and resistance levels

S1

28.69
0.00%

R1

32.61
13.00%

S2

18.41
-36.00%

R2

33.07
15.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 28.11
  • 27.05
  • Levels of negotiation support resistance
  • 29.89
  • 30.61

Technical situation

Bullish in the long term, although it must still break above the resistance at 33.07 to slightly improve in the short term.

Recommendation

Short term comment

Even though the long term trend or scenario is bullish, in the mid term it just stands for neutral. Only if it could rise above the first important resistance at 33.07, intermediate terms would be bullish-biased together with the long-term structure.

Long term comment

From some months ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 27.07 18.56 The RSI 7 shows an oversold situation (vulnerability of bearish trend).
RSI 14 43.70 34.94 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 50.83 43.30 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 58.12 53.89 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 55.27 54.06 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 32.02 31.50 Very short-term trend is bearish.
Simple Moving Average 21 31.42 31.36
Simple Moving Average 50 29.38 29.39 Indefinite mid-term trend.
Simple Moving Average 200 23.25 23.28 Bullish long-term trend.
Exponential Moving Average 7 31.52 30.85 Very short-term trend is bearish.
Exponential Moving Average 21 31.23 31.01
Exponential Moving Average 50 31.23 31.01
Exponential Moving Average 200 31.23 31.01 Indefinite long-term trend.
MACD Line 0.65 0.38 Price following bullish trend.
MACD Signal 0.93 0.82 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 32.11 31.96 Very short-term trend is bearish.
Double Exponential Moving Average 21 30.18 30.28
Double Exponential Moving Average 50 30.18 30.28
Double Exponential Moving Average 200 30.18 30.28 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 77,786.94 -7,298.79 OBV is bearish.
Momentum 7 -2.23 -4.11 Extremely high falling speed in the very short term.
Momentum 7 -0.23 -1.94 Strong, though not extreme, falling speed in the short term.
% K Williams 92.49 92.13 Oversold, would favour a bullish turn.
Priority Date Notification
02/03/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
28/02/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
27/02/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
26/02/2020 By being close (above) the short/mid-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
26/02/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
25/02/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
24/02/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
24/02/2020 RSI14 points some overbuying, therefore bearish pressure is likely to increase in short and mid terms.
24/02/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in mid terms.
24/02/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
21/02/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.