Technical outlook – As we look over many patterns and signals to attempt to assess whether the market has established a trend or how the technical implications are shaping up.
Therefore, when a price pattern signals a change in trend direction, among other most valuable signals we use to assess the market ‘potential’ direction, we believe Pengana Private Equity Trust (PE1) share price may soon transpire into a broader bullish pattern (bullish) due to the recent strength seen from the 3-day lookback Relative Strength Index (RSI).
The Moving Average Convergence Divergence (MACD), meanwhile, is currently holding to a bullish bias, as it presently holds above the 0.00 axis.
Therefore, it is assessed (PE1) initial target holds to $1.44. Reassess from there, with the support located at $1.15-20.
Company Overview – Pengana Private Equity Trust (PE1) seeks to generate, over an investment horizon of at least ten years, attractive returns and capital growth through a selective and diversified approach to private markets, including private equity, private credit, and other opportunistic investments.
Pengana Capital Limited (Manager) is the manager of PE1.
The Manager has engaged Grosvenor Capital Management, L.P. (GCM or Investment Manager) as the investment manager of PE1.