Weaker Buy Today PAG.L ranks #673 as BUY CANDIDATE. Stronger Buy
Today PAG.L ranks #673 as BUY CANDIDATE.

PAG.L stock Penske Automotive Group, Inc

PAG.L stock
Penske Automotive Group, Inc

April 18, 2019
Change -0.35%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will PAG.L stock price go up or down on Tue, 23 Apr 2019?

Penske Automotive Group, Inc Forecast and Stock Analysis

Technical PAG.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-10 Gain 3.95%
Shorts 10.53% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.37
ROA 4.49

Penske Automotive Group, Inc fell by -0.35% in the last day from £459.00 to £457.40 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -85 323 shares and in total 229 247 shares bought and sold for approximately £104.86 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the PAG.L stock was £457.40. This is 0.35% less than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 1.91% from a day low at £451.40 to a day high of £460.00.

30 day high of the PAG.L stock price was £466.40 and low was £422.60.
90 day high was £466.40 and low was £402.00.
52 week high for the Penske Automotive Group, Inc - £558.50 and low - £379.20.

Trend

Penske Automotive Group, Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.27% during the next 3 months and, with 90% probability hold a price between £483.43 and £518.14 at the end of this period.

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Signals

Penske Automotive Group, Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £455.46 and £442.94. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday April 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Penske Automotive Group, Inc finds support from accumulated volume at £443.00.

Support: £443.00 Price: £457.40 Resistance: £459.80

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £8.60 (1.91%) between high and low. For the last week, the stock has had a daily average volatility of 1.92%.

Our recommended stoploss: £437.52 (-4.35%) (This stock has low daily movements and this gives low risk. The RSI14 is 71 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today PAG.L ranks #673 as BUY CANDIDATE. Stronger Buy
Today PAG.L ranks #673 as BUY CANDIDATE.