PEARSON PLC - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 9.07 USD
My targets
8.32 USD (-4.26%)
7.63 USD (-12.20%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PEARSON PLC as long as the price remains well below 9.07 USD. The sellers” bearish objective is set at 8.32 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.63 USD. In case of crossing, the next objective would be the support located at 7.13 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PEARSON PLC rating 8.69 USD. The price registered a decrease of -0.23% on the session with the lowest point at 8.68 USD and the highest point at 8.77 USD. The deviation from the price is +0.12% for the low point and -0.91% for the high point.8.68
8.77
8.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PEARSON PLC chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.13 | 7.63 | 8.32 | 8.69 | 9.07 | 9.73 | 10.21 |
| Change (%) | -17.95% | -12.20% | -4.26% | - | +4.37% | +11.97% | +17.49% |
| Change | -1.56 | -1.06 | -0.37 | - | +0.38 | +1.04 | +1.52 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.46 | 8.53 | 8.62 | 8.69 | 8.78 | 8.85 | 8.94 |
| Camarilla | 8.67 | 8.68 | 8.70 | 8.71 | 8.73 | 8.74 | 8.75 |
| Woodie | 8.47 | 8.54 | 8.63 | 8.70 | 8.79 | 8.86 | 8.95 |
| Fibonacci | 8.53 | 8.59 | 8.63 | 8.69 | 8.75 | 8.79 | 8.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.16 | 8.31 | 8.50 | 8.65 | 8.84 | 8.99 | 9.18 |
| Camarilla | 8.60 | 8.63 | 8.66 | 8.69 | 8.72 | 8.75 | 8.78 |
| Woodie | 8.18 | 8.32 | 8.52 | 8.66 | 8.86 | 9.00 | 9.20 |
| Fibonacci | 8.31 | 8.44 | 8.52 | 8.65 | 8.78 | 8.86 | 8.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.39 | 7.65 | 8.35 | 9.61 | 10.31 | 11.57 | 12.27 |
| Camarilla | 8.50 | 8.68 | 8.86 | 9.04 | 9.22 | 9.40 | 9.58 |
| Woodie | 6.10 | 7.51 | 8.06 | 9.47 | 10.02 | 11.43 | 11.98 |
| Fibonacci | 7.65 | 8.40 | 8.87 | 9.61 | 10.36 | 10.83 | 11.57 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.08 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -23.74 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 8.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.80 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 9.14 | |
| Zig ZAG (10): | 8.69 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 24.45 | |
| TEMA (21): | 8.35 | |
| Williams %R (14): | -67.61 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 25.79 |
| MA7: | 8.62 | |
| MA20: | 9.24 | |
| MA50: | 9.80 | |
| MA100: | 10.06 | |
| MAexp7: | 8.70 | |
| MAexp20: | 9.12 | |
| MAexp50: | 9.65 | |
| MAexp100: | 9.99 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | -5.95% | |
| Price / MA50: | -11.33% | |
| Price / MA100: | -13.62% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -4.71% | |
| Price / MAexp50: | -9.95% | |
| Price / MAexp100: | -13.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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