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Home / Support and Resistance / PageGroup (PAGE.L) 25-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

PageGroup (PAGE.L) 25-10-19

Will PageGroup (PAGE.L) shares break the key level, or will it fall back to the 400p support again? (-9%)?

 

  • Currently trading around the 450p resistance at 443.4p (at time of writing).
  • The resistance has proven reliable in the recent past. Will the pattern repeat?
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price rebound once again to recent support of 400p? (-9%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -17% from 12-month highs; +20% from 12 month lows.

Latest News

21 Oct:  HSBC reiterates its buy rating on PageGroup Plc (PAGE) and reduced the target price to 500p (from 635p).

14 Oct:  Credit Suisse reiterates its outperform rating on PageGroup Plc (PAGE) and reduced the target price to 450p (from 575p).

09 Oct:  Liberum Capital reiterates its buy rating on PageGroup Plc (PAGE) and reduced the target price to 470p (from 530p).

08 Oct:  PageGroup, the recruitment company,  raised concerns on its full year performance arising from the current political and economic uncertainty. However, the company announced a 4.2% rise in Q3 gross profit.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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