Weaker Buy Today PAG.L ranks #1659 as BUY CANDIDATE. Stronger Buy
Today PAG.L ranks #1659 as BUY CANDIDATE.

PAG.L stock Penske Automotive Group, Inc

PAG.L stock
Penske Automotive Group, Inc

February 15, 2019
Change 1.90%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will PAG.L stock price go up or down on Mon, 18 Feb 2019?

Penske Automotive Group, Inc Forecast and Stock Analysis

Technical PAG.L stock analysis for February 15, 2019.

Buy candidate since 2019-02-15
Shorts 11.03% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.37
ROA 4.49

Penske Automotive Group, Inc gained 1.90% in the last trading day, rising from £411.00 to £418.80 The price has risen in 5 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 134 636 more shares were traded than the day before. In total, 389 056 shares bought and sold for approximately £162.94 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PAG.L stock was £418.80. This is 1.9% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 3.24% from a day low at £407.60 to a day high of £420.80.

30 day high of the PAG.L stock price was £426.60 and low was £402.00.
90 day high was £458.60 and low was £379.20.
52 week high for the Penske Automotive Group, Inc - £558.50 and low - £379.20.

Trend

Given the current horizontal trend you can expect Penske Automotive Group, Inc with 90% probability to be traded between £378.16 and £451.00 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. 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 £414.23 and £411.43. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Thursday February 14, 2019 with a target of £415.19. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Penske Automotive Group, Inc finds support from accumulated volume at £411.80.

Support: £411.80 Price: £418.80 Resistance: £420.20

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 £13.20 (3.24%) between high and low. For the last week, the stock has had a daily average volatility of 2.19%.

Our recommended stoploss: £396.99 (-5.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today PAG.L ranks #1659 as BUY CANDIDATE. Stronger Buy
Today PAG.L ranks #1659 as BUY CANDIDATE.