Pennon Group (PNN)

Sell: 602.50p

Buy: 613.50p

Change: 7.50p | 1.24%

Last updated 16:35 19/09/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Bullish
Medium term:

Strong Bullish
Long term:

Bullish

Short term comment

Technically, type trend neutral-bullish quoting in a range of low movement with near roof in 610.728 and base in the 593.575 area. Overcoming any of the two levels that delimit this range would warn of the meaning of the subsequent trend.

Long term comment

Between january 16 and march 26 there was a bullish phase that moved the prices from 497.419 to 723.493. This phase was corrected by a relevant bearish reaction that returned the quotation until 529.051 on the 24th of july levels. Following this, the current rise from 529.051 to 647.500 has not reached the previous highs at 723.493, an area of significant resistance.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
571.8330	591.8330	598.6670	618.6670	631.8330	651.8330

Alerts

Alerts
Priority	Date	Warning
Medium priority	19/09/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	19/09/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	19/09/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	19/09/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
High priority	19/09/2024	Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority	18/09/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	18/09/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	18/09/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	18/09/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	17/09/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	17/09/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.

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