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Persimmon (PSN)

2,048.00p

15:59 17/09/19

  • -2.52% -53.00p
  • Today's Low & High
  • 2,024.00 / 2,080.00
  • Open / Previous Close
  • 2,079.00 / 2,048.00
  • 52-week range
  • -14.06% -335.00p
  • Volume
  • 1,578,170
  • Market Cap(million)
  • £6,523.51m

2,057.00p REAL TIME BATS

  • 16:30 17/09/19
  • -2.09%
  • -44.00p

Technical Analysis

Support and resistance levels

S1

18.41
-13.00%

R1

22.27
6.00%

S2

16.57
-21.00%

R2

23.48
11.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 20.48
  • 20.13
  • Levels of negotiation support resistance
  • 21.40
  • 21.97

Technical situation

The retracement has exceeded the previous bullish movement's origin / Critical support at 18.41.

Recommendation

Short term comment

Falls from the last highs marked at 23.48 heavily press the mid/long-term neutral-bearish profile for the price. Short-term trend is also neutral-bearish, with a first support located at 18.41 whose loss would indicate the return to a bearish profile. Only by going above 22.27 Would allow for a reduction of bearish pressure.

Long term comment

From some months ago, However, it must be considered that, since the last highs, it's showing certain exhaustion in this trend, which should stand for extreme caution in spite of a downwards turn.long-term scenario remains bearish.

Indicator Previous Current Signal Comment
RSI 7 77.02 83.86 The RSI 7 points an overbought situation (bullish trend is fragile).
RSI 14 64.95 71.21 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 59.29 64.51 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 51.28 54.10 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 48.37 49.10 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 Bullish trend exhaustion signals, without turning signal.
Simple Moving Average 7 19.30 19.64 Extremely bullish very short-term trend.
Simple Moving Average 21 18.97 19.08 Bullish mid-term trend.
Simple Moving Average 50 19.35 19.37 Bullish mid-term trend.
Simple Moving Average 200 21.01 21.01 Indefinite long-term trend.
Exponential Moving Average 7 19.55 19.93 Extremely bullish very short-term trend.
Exponential Moving Average 21 19.23 19.39 Bullish mid-term trend.
Exponential Moving Average 50 19.23 19.39 Bullish mid-term trend.
Exponential Moving Average 200 19.23 19.39 Indefinite long-term trend.
MACD Line 0.10 0.23 Price following bearish trend.
MACD Signal -0.08 -0.02 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 19.04 19.19 Extremely bullish very short-term trend.
Double Exponential Moving Average 21 19.13 19.12 Bullish mid-term trend.
Double Exponential Moving Average 50 19.13 19.12 Bullish mid-term trend.
Double Exponential Moving Average 200 19.13 19.12 Bullish long-term trend.
Divergences n/a n/a NO
On Balance Vol. -111,656.56 -75,476.37 OBV is bearish.
Momentum 7 1.62 2.47 Extremely high rising speed in the very short term.
Momentum 7 0.79 1.76 Extremely high short-term rising speed.
% K Williams 12.14 4.44 Overbought, would favour a bearish turn.
Priority Date Notification
17/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
16/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
13/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
11/09/2019 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
05/09/2019 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
04/09/2019 By being close (above) the short-term Moving Average, it could move, if only temporarily, upwards, though the signal would revert to bearish if it should break below the MA
03/09/2019 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
03/09/2019 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
02/09/2019 By being close (below) the short-term Moving Average, it could move, if only temporarily, downwards, though the signal would revert to bullish if it should break above the MA
30/08/2019 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
30/08/2019 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal