PENNON GROUP PLC (PNN.L) Stock Technical Analysis
LON:PNN - London Stock Exchange, The - GB00BNNTLN49 - Common Stock - Currency: GBX
We assign a technical rating of 4 out of 10 to PNN. Recently some decent action could be observed, but in the medium term time frame this is still negative. PNN was also a bad performer in the overall market in the last year.
93% of all other stocks performed better in the past year than PNN.
In the last month PNN has a been trading in the 425.20 - 507.00 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
PNN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, PNN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 502.01. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PNN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
426.58
642.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 476.00 to 481.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @461.95 from a trend line in the daily time frame.
- Support @430.89 from a horizontal line in the daily time frame.
7 important resistance areas can be observed.
- A resistance zone ranging from 502.01 to 506.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @550.00 from a trend line in the weekly time frame.
- Resistance @571.86 from a trend line in the weekly time frame.
- Resistance @588.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 600.25 to 601.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @614.00 from a horizontal line in the daily time frame.
- Resistance @635.75 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.97
Mansfield-1.1
10 Day High507
10 Day Low480
20 Day High507
20 Day Low425.2
52 Week High740
52 Week Low383.2
Performance
1 Week4.32%
2 Weeks2.95%
1 Month9.75%
3 Month-13.15%
6 Month-7.72%
12 Month-28.57%
2 Year-34.76%
3 Year-49.75%
5 Year-55.96%
10 Year-41.18%
15 Year-4.38%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)2.3
RSI(14)63.27
LBB459.24
UBB513.99
LON:PNN (5/2/2025, 5:29:55 PM)
502
-4 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.79%
1 Week4.32%
2 Weeks2.95%
1 Month9.75%
3 Month-13.15%
6 Month-7.72%
12 Month-28.57%
2 Year-34.76%
3 Year-49.75%
5 Year-55.96%
10 Year-41.18%
15 Year-4.38%
Volatility
ATR(14)13.26
ATR(20)%3.22%
ATR Inc-13.18%
Range Today10.4
ADR(20)14.11
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.97
Mansfield-1.1
10 Day High507
10 Day Low480
20 Day High507
20 Day Low425.2
52 Week High740
52 Week Low383.2
CS1 End481.19
CR1 Start502.01
Volume & EV
DER(3)8.81%
DER(5)8.52%
Volume695.68K
Volume Incr-39.6%
Vol(5)479.10K
Vol(50)844.60K