Technical analysis from Petrofac (PFC.L, LON:PFC) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Petrofac
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Petrofac: Coles Rally Day has been confirmed
Coles Reaction Day /
Petrofac: Coles Rally Day has been confirmed

Petrofac: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for PFC

Volume & Money Flow Index are up confirming a Green Day for PFC
Bill Williams Market Facilitation /
Volume & Money Flow Index are up confirming a Green Day for PFC

Petrofac Currently is a confirmed Green Day. Both MFI & volume are down for PFC. Trend continuation likely for PFC from increased trading activity.

Pivot Reversal /
A short term Pivot Reversal has formed with Petrofac

[BULLISH]: A short term Pivot Reversal has formed with Petrofac which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 23 occurrences of this bar reversal giving a signal probability of 8.7%.

Price Range /
Range for PFC has surpassed the range of the previous trading session

[BULLISH]: Petrofac current uptrend in the first timeframe. Currently, the Range is $20.

On Balance Volume /
OBV: Distribution still active for Petrofac

[BEARISH]: Petrofac current price has highlighted recent distribution. Currently, the OBV is -2.12366e+007.

Volume Rate of Change /
Petrofac currently has negative volume rate of change for -24

[BEARISH]: Petrofac currently has negative rate of change of -24%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 2.8%.

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Ulcer Index /
[High Stress]: High drawdown associated with recent trading of PFC

[BULLISH]: Petrofac UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.112.

Woodie Pivot Point /
[Long]: Limit orders for Petrofac should be set at $572.4

Petrofac has broken the first Woodie resistance point ($572.4) [Bullish]. Look for a long limit order entry near this point. Exit price for PFC should be set @$581.2 & Stoploss for Petrofac should be set at $541.2

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The biggest price range this month for PFC has been $63.0000
Range Tod Vs Range Yest /
The biggest price range this month for PFC has been $63.0000

[BULLISH]: Petrofac buyers are increasingly eager. This is the first day buyers have increased eagerness for PFC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $63.0000. & the greatest daily price range this year has been $258.8000. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.2x.

Petrofac: Daily volume is 2.42849e+006 [Higher Volume]
Volume /
Petrofac: Daily volume is 2.42849e+006 [Higher Volume]

[BULLISH]: Petrofac current volume uptrend in the first timeframe. Volume for PFC is 2.42849e+006 (41.9).

Percentage Price /
PPO continues to signal a continuation of downward price fall for Petrofac

[BEARISH]: Petrofac currently has negative PPO -1.746%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Closing Price /
PFC: Closing price of $562.4 (2.8 %)

PFC: CLOSE Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Open Tod Vs Close Tod /
Petrofac opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 62%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Petrofac opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 62%. This suggests the buyers have lost commitment. Over the last 12 months there has been 37 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 14.1%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 13.3%.

Price moved on low volume to close higher for the day for PFC [Easily Moved]
Ease of Movement /
Price moved on low volume to close higher for the day for PFC [Easily Moved]

PFC: EOM Recent Trading -> (1) 22 Jun: 9059.14 (2) 21 Jun: -1986.35 (3) 20 Jun: 5236.73

William %R oversold signal had been cancelled for Petrofac
Williams %R /
William %R oversold signal had been cancelled for Petrofac

PFC: William %R Current Signal -> (1) 22 Jun: BEARISH CROSSUNDER (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for Petrofac

[BULLISH]: Petrofac currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.8%.

Chaikin Money Flow /
CMF Crossover & commencement of potential trend change for Petrofac

[BULLISH CROSSOVER]: Petrofac current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.09. During the quarter, the highest CMF value was 0.25 occurring on the Jun 19 2018.

Elder Ray Index /
Petrofac: Elder Ray Index is 6.485 [Bullish]

PFC: Elder Ray Index Recent Trading -> (1) 22 JunBull Power: 6.485Bear Power: -13.515 (2) 21 JunBull Power: -9.718Bear Power: -19.718 (3) 20 JunBull Power: -6.758Bear Power: -21.958

Stoploss for Petrofac should be set at $356.03
Fibonacci Extensions /
Stoploss for Petrofac should be set at $356.03

Petrofac has moved below the 161.8% level ($656.63) [Bullish]. Look for a long limit order entry near this point. Exit price for PFC should be set @$957.23 & Stoploss for Petrofac should be set at $356.03

Petrofac is no longer oversold and normal trading conditions are resumed
Moving Average Envelope /
Petrofac is no longer oversold and normal trading conditions are resumed

[NEUTRAL]: Petrofac current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 550.677.

PFC: Short term trend has confirmed an Uptrend
Short Trend /
PFC: Short term trend has confirmed an Uptrend

[BULLISH]: Petrofac is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 6

Morning Star /
Petrofac: Morning Star

[BULLISH]: Petrofac has formed a new Morning Star pattern.

Medium Trend /
Second timeframe trend of Petrofac remains as an Downtrend

[BEARISH]: Petrofac is in an downtrend in the medium term timeframe. & the highest rally count for the LTM is 24. The highest rally for the month is 15

Weighted Moving Average /
The WMA trend following signal is now active for Petrofac [Bullish]

[BULLISH]: Petrofac currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.8%.

Opening Price /
Petrofac: Daily opening performance is 0.3 % [Uptrend]

[BULLISH]: Petrofac opening price has gapped up. Currently, the OPEN is $550 (0.3 %).

[Selling Pressure]: EFI (-5.47627e+006) confirms bearish conditions for Petrofac
Elders Force Index /
[Selling Pressure]: EFI (-5.47627e+006) confirms bearish conditions for Petrofac

PFC: Elders Force Index Recent Trading -> (1) 22 Jun: -5.47627e+006 (2) 21 Jun: -8.77271e+006 (3) 20 Jun: -1.15354e+007

[Bearish]: Petrofac currently has negative PVO -17.13
Percentage Volume /
[Bearish]: Petrofac currently has negative PVO -17.13

[BEARISH]: Petrofac currently has negative PVO -17.13%. The recent volume is losing momentum through a fall on the short term exponential moving average.

MACD Volume /
Negative momentum on the Volume MACD histogram for PFC is maintained & supports a bearish move is likely

[BEARISH]: Petrofac currently has negative Volume MACD of -90031. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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