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PERSIMMON ORD GBP0.10PP

PERSIMMON ORD GBP0.10

1,388.0GBXD
+0.98%
At close at 17:20 GMT
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Persimmon - Looks set to re-build its share price.Technicals Persimmon is holding at key support and showing signs of attracting value hunters. I also note the bullish divergence on the relative ratio (Persimmon share price / UKX). The price of sterling has been a drag on the shares and with GBP moving higher yesterday it could offer some relief to domestic stocks. Technically and fundamentally, Persimmon looks good value here. Fundamentals Persimmon currently ranks towards the top of our fundamental model with exceptional scores on value, profitability, momentum and quality metrics. The shares have underperformed the market over the past 1 to 3 months but we do not expect this to continue. Pros Ranks in the top 5 of our fundamental ranking model. Canaccord Genuity reiterated ‘Buy’ advice on the 20th August with a price target of 2720p. The business continues to produce steady cash flow and boasts a healthy dividend. Cons Sales have slowed in recent months. Peel Hunt reiterated its hold rating on the 1st May 2019 with a price target of 2025p. Complaints have been raised about the quality of Persimmon homes, this may act as a drag in the short term. Stop: 1790p Target: 2430p
LLong
by Investamate
3
Persimmon Imminent Bullish Reversal After bouncing off its channel support with a rounded bottom, we are looking at the beginning of a bullish reversal. Within the oversold stochastic, there has just been a bullish crossover. The MACD is beginning to converge. Furthermore, it's still trading above the ichimoku cloud, which also acts as a support. To top it all off, the technicals lined up here have already triggered all previous bullish reversals within this channel. It would probably be wise to go long.
LLong
by HamzahPatel
Persimmon (PSN LN) ahead of earnings (2nd Nov)Tomorrow brings the earnings of UK home builder Persimmon. UK home builders have performed well in recent times with the UK government backing the housing market with expansion plans. In terms of recent broker recommendations UBS, Credit Suisse and Canaccord have all upgraded to company within the last 4 months. * The weekly chart is showing bullish hammer candles. * On the hourly chart we are at a relatively low level. * On the Daily chart we support at the upward trendline. * Could see resistance at the downward trendline on the linked chart. * In regards to Volume the VPOC (Oct) is at around the 1726.13 area, do not be surprised if this is a support level. * Oct high of 1892.65, Low of 1648.88 and highest amount of contracts exchanged (Value) 1725.30 R4 1648.88 R3 1831.04 R2 1787.93 R1 1735.39 Current 1731.00 S1 1720.63 S2 1648.88
L
by RajDhall
Persimmon – Attempting a bullish breakDaily chart pattern – Rising channel Housebuilder Persimmon has reported a 29% jump in first-half profits and said customer interest since the Brexit vote has been "robust". At the time of writing, shares were up 3.68% at 1860 levels. Daily high stands at 1884 levels. A bullish break above 200-DMA level of 1901 would open doors for pre-Brexit level of 2125. The daily RSI and money flow index remain supportive of such a move. On the lower side, only day end close below 50-DMA (seen today at 1657) would signal the corrective rally from the post Brexit lows has ended.
L
by TipTVFinance