PENNON GROUP PLC (PNN.L) Stock Technical Analysis
Europe • London Exchange • LON:PNN • GB00BNNTLN49
Taking everything into account, PNN scores 8 out of 10 in our technical rating. Although PNN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- PNN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PNN has a been trading in the 521.50 - 567.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, PNN turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- Volume is considerably higher in the last couple of days.
PNN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 547.14, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
479.74
When analyzing the support we can see 3 important areas.
- A support zone ranging from 532.93 to 547.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 497.89 to 504.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 484.59 to 489.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 550.01 to 553.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @565.01 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PNN.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNN.L is up. |
| ChartMill Relative Strength | 62.85 | NEUTRAL | PNN.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNN.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNN.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PNN.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.1 | NEUTRAL | The RSI value for PNN.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests PNN.L has a negative trend. |
| Stochastics (14,3) | 56.15 | NEUTRAL | The Stochastics value for PNN.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for PNN.L suggests some volalility. |
| Average Directional Index/ADX (14) | 12.84 | NEGATIVE | The low ADX value for PNN.L suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 553.51 | 537.99 | 15.52 (2.80%) | 25.00% |
| An entry @553.51. This is a Buy Stop order right above the resistance zone. | An exit @537.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.52 points, which is 2.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of PNN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:PNN (2/6/2026, 5:29:54 PM)
550
-1.25 (-0.23%)
PENNON GROUP PLC / PNN.L FAQ
What is the technical rating for PNN stock?
ChartMill assigns a technical rating of 8 / 10 to PNN.L.
What is the current trend direction of PENNON GROUP PLC (PNN.L) stock?
The current trend direction for PENNON GROUP PLC (PNN.L) is Bullish.
What is the RSI signal for PNN stock?
PENNON GROUP PLC (PNN.L) has an RSI value of 53.1032. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PENNON GROUP PLC?
The buy/sell signal for PENNON GROUP PLC (PNN.L) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PENNON GROUP PLC (PNN.L) stock?
PENNON GROUP PLC (PNN.L) has a support level at 547.14 and a resistance level at 550.01. Check the full technical report for our detailed analysis of PNN.L support and resistance levels.