Chart below -
This is basically a weekly trend & momentum chart going back as far as possible. Some indicators are bullish while some are on the verge of turning bullish.
Red sloping lines = downtrend resistance,
Flat red line @ 0.031 = overhead resistance,
Green sloping line = uptrend support,
Blue line = the 20 week simple moving average.
The price rising above the moving average recently is bullish. Moving average @ 0.018 & rising should provide support until the trend ends.
The price hit the two year old downtrend & respected resistance two weeks ago. Downtrend @ 0.024 this upcoming week.
A bullish divergence between RSI & the price occurred last October when the price made a lower major low but the RSI didn't.
Significant that this happened when the RSI was oversold, on a weekly chart.
Red line on RSI = a downtrend. RSI breakout, retest & then break above 50 is bullish.
Green lines on RSI = a rising channel.
The Directional Movement System shows the early stages of an uptrend.
Green DMI+ line above red DMI- line sets the scene for going long.
White ADX line rising above red line provides the buy signal.
White line rising above 25 would confirm this buy - currently @ 22.8
The recent green MACD line rise above it's red signal line is bullish.
MACD line currently sits on the center line, (zero). A rise above this line is bullish as it signals that the stock's longer term momentum is changing from negative to positive.
In a nutshell, PEN is on the verge of a positive change in momentum direction, just under an established downtrend line & in the early stages of an uptrend.
IMO, DYOR
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $318.6M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $554.6K | 5.339M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
78 | 9924788 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 1791644 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
78 | 9924817 | 0.100 |
13 | 973478 | 0.099 |
11 | 479473 | 0.098 |
5 | 400793 | 0.097 |
9 | 517946 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1782739 | 28 |
0.110 | 11935013 | 60 |
0.115 | 5662491 | 43 |
0.120 | 7719546 | 62 |
0.125 | 2069901 | 16 |
Last trade - 11.15am 01/08/2024 (20 minute delay) ? |
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