PSON.L breaks below previous session low


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

Highlights

PSON.L closes lower for the 5th day in a row
PSON.L ends the day on a bearish note closing near the low of the day
PSON.L breaks below previous session low
PSON.L falls to lowest close since May 3rd

Overview

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):

Daily technical analysis candlestick chart for Pearson plc (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.


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

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PSON.L pushes through Tuesday's high

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