Persimmon worth watching after significant event
The housebuilder's shares have just done something which could be the trigger for a continued recovery from the September lows.
25th November 2025 07:24
by Alistair Strang from Trends and Targets
It seems Persimmon (LSE:PSN) holds the potential for positive share price gains. Maybe it’s something to do with their plans for building lots and lots of houses in 2026, this provoking a few analysts in proposing a major share price recovery next year.
- Invest with ii:Open a Stocks & Shares ISA | Top ISA Funds | Transfer your ISA to ii
Shown on the chart below, Persimmon has been inflicted with some sort of glass ceiling at 1,272p and, aside from a period between May and July this year, the green line on the chart represented a price level the market has been pretty keen to stop Persimmon closing above.
However, with their share price having just closed at 1,285p, the situation now exists where movement above 1,300p (Monday's high) should now trigger movement to an initial 1,359p with our longer-term secondary, if beaten, at 1,441p.
This secondary is an issue, taking the price above the high of 2025 and hopefully able to close above the closing price high of 2025 at 1,395p. The shall be an issue from a Big Picture perspective, perhaps placing the optimistic analysts in the uncomfortable and unusual position of being right for Persimmon's chances in 2026.
In other words, we’re surprised at finding ourselves in a similar position to these self proclaimed analysts, especially as our Christmas story, if all this comes to fruition, calculated with a Big Picture potential at an eventual astounding 2,401p.
The share price needs to do something silly below 1,192p as this threatens the potential of weakness to an initial 1,151p with our secondary, if broken, working out at 1,000p and hopefully a bounce.
Worth watching.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.