PSON.L breaks below previous session low
Pearson plc (PSON.L) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving lower for the 5th day in a row, PSON.L finished the week -6.62% lower at 837.40 after losing £6.80 (-0.81%) today. Today's closing price of 837.40 marks the lowest close since May 3rd. Closing below Thursday's low at 837.60, the market confirms its breakout through the previous session's low having traded £4.00 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Daily Candlestick Chart (PSON.L as at Sep 14, 2018):
Friday's trading range was £19.40 (2.28%), that's above last trading month's daily average range of £15.90. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.