PSON.L closes above its opening price after recovering from early selling pressure


Pearson plc (PSON.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

PSON.L crashes, loses £13.00 (-1.45%) within a single day
PSON.L closes above its opening price after recovering from early selling pressure
PSON.L breaks below previous session low

Overview

PSON.L finished Thursday at 883.20 tanking £13.00 (-1.45%) on high volume. This is the biggest single day loss in over two months. Trading up to £13.00 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing below Wednesday's low at 890.40, Pearson plc confirms its breakout through the previous session's low having traded £28.80 below it intraday.

Daily Candlestick Chart (PSON.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for Pearson plc (PSON.L) as at Jun 14, 2018

Thursday's trading range was £25.40 (2.9%), that's far above last trading month's daily average range of £13.88. Weekly volatility is also higher, being way above the markets average with the monthly volatility being below average.

Prices are trading close to a key support level at 878.20.

Although the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.


Market Conditions for PSON.L as at Jun 14, 2018

Loading Market Conditions for PSON.L (Pearson plc)...
Latest Report:

PSON.L pushes through Thursday's high

Oct 19, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Pearson plc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!