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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Chart below -This is basically a weekly trend & momentum chart...
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Last
7.4¢ |
Change
0.001(1.37%) |
Mkt cap ! $235.8M |
Open | High | Low | Value | Volume |
7.3¢ | 7.5¢ | 6.9¢ | $1.295M | 18.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 55001 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 330000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55001 | 0.072 |
8 | 1276569 | 0.070 |
10 | 495790 | 0.069 |
11 | 1233962 | 0.068 |
3 | 2498507 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 270000 | 1 |
0.076 | 94837 | 3 |
0.077 | 33784 | 1 |
0.078 | 18000 | 1 |
0.079 | 1265822 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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PEN (ASX) Chart |