PENNON GRP. ORD 61 1/20P

- GBX (-)

- 15 min delayed data - London Stock Exchange

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PNN
ISIN:	GB00BNNTLN49

PENNON GRP. ORD 61 1/20P - Daily - Technical analysis published on 01/16/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 1,042.0 GBX

My targets

1,148.3 GBX (+5.69%)

1,248.2 GBX (+14.88%)

My analysis

PENNON GRP. ORD 40.7P is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,042.0 GBX. The next resistance located at 1,148.3 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,248.2 GBX. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PENNON GRP. ORD 40.7P rating 1,086.5 GBX. The price registered an increase of +2.21% on the session and was traded between 1,058.0 GBX and 1,096.0 GBX over the period. The price is currently at +2.69% from its lowest and -0.87% from its highest.

1,058.0

1,096.0

1,086.5

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PENNON GRP. ORD 40.7P:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PENNON GRP. ORD 40.7P indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	900.7	945.0	1,042.0	1,086.5
Change (%)	-17.10%	-13.02%	-4.10%	-
Change	-185.8	-141.5	-44.5	-
Level	Intermediate	Major	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,010.8	1,037.2	1,057.8	1,084.2	1,104.8	1,131.2	1,151.8
Camarilla	1,065.6	1,069.9	1,074.2	1,078.5	1,082.8	1,087.1	1,091.4
Woodie	1,008.0	1,035.8	1,055.0	1,082.8	1,102.0	1,129.8	1,149.0
Fibonacci	1,037.2	1,055.1	1,066.2	1,084.2	1,102.1	1,113.2	1,131.2

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	982.3	997.7	1,007.3	1,022.7	1,032.3	1,047.7	1,057.3
Camarilla	1,010.1	1,012.4	1,014.7	1,017.0	1,019.3	1,021.6	1,023.9
Woodie	979.5	996.3	1,004.5	1,021.3	1,029.5	1,046.3	1,054.5
Fibonacci	997.7	1,007.2	1,013.1	1,022.7	1,032.2	1,038.1	1,047.7

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	760.7	823.3	923.2	985.8	1,085.7	1,148.3	1,248.2
Camarilla	978.3	993.2	1,008.1	1,023.0	1,037.9	1,052.8	1,067.7
Woodie	779.3	832.6	941.8	995.1	1,104.3	1,157.6	1,266.8
Fibonacci	823.3	885.4	923.8	985.8	1,047.9	1,086.3	1,148.3

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.60
MACD (12,26,9):	24.3000
Directional Movement:	23.4
AROON (14):	21.5
DEMA (21):	1,045.1
Parabolic SAR (0,02-0,02-0,2):	994.2
Elder Ray (13):	49.5
Super Trend (3,10):	996.8
Zig ZAG (10):	1,063.0
VORTEX (21):	1.1000
Stochastique (14,3,5):	55.30
TEMA (21):	1,046.6
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	50.5
Repulse (5,40,3):	-2.8000
ROCnROLL:	1
TRIX (15,9):	0.4000
Courbe Coppock:	3.50

MA7:	1,024.9
MA20:	1,023.6
MA50:	957.8
MA100:	883.7
MAexp7:	1,036.2
MAexp20:	1,012.2
MAexp50:	964.3
MAexp100:	906.4
Price / MA7:	+6.01%
Price / MA20:	+6.14%
Price / MA50:	+13.44%
Price / MA100:	+22.95%
Price / MAexp7:	+4.85%
Price / MAexp20:	+7.34%
Price / MAexp50:	+12.67%
Price / MAexp100:	+19.87%

This member declared not having a position on this financial instrument or a related financial instrument.

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