PUTNAM BDC INCOME ETF (PBDC) Stock Technical Analysis
NYSEARCA:PBDC - NYSE Arca - US7467295082 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to PBDC. PBDC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
PBDC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PBDC is lagging the market slightly.
In the last month PBDC has a been trading in the 32.65 - 35.18 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, PBDC outperforms 51% of them, which is more or less in line with the market.
Although PBDC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.78
35.49
3 important support areas can be observed.
- A support zone ranging from 32.61 to 34.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.90 from a horizontal line in the weekly time frame.
- Support @29.07 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @35.14 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PBDC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBDC is up. |
| ChartMill Relative Strength | 51.72 | NEUTRAL | PBDC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBDC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBDC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.91 | NEUTRAL | The RSI value for PBDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PBDC has a positive trend. |
| Stochastics (14,3) | 93.82 | OVERBOUGHT | The high Stochastics value suggests PBDC may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for PBDC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for PBDC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
34.85
-0.19 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.54%
1 Week1.99%
2 Weeks1.16%
1 Month4.31%
3 Month11.91%
6 Month-0.51%
12 Month2.56%
2 Year12.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%1.21%
ATR Inc-6.96%
Range Today0.43
ADR(20)0.37
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.72
Mansfield-0.48
10 Day High35.18
10 Day Low33.17
20 Day High35.18
20 Day Low32.65
52 Week High36.86
52 Week Low27.85
CS1 End34.5
CR1 Start35.14
Volume & EV
DER(3)-7.13%
DER(5)-4.99%
Volume60.50K
Volume Incr8.65%
Vol(5)60.14K
Vol(50)53.85K