BBLX PRIVATE CREDIT CLO ETF (PCMM) Stock Technical Analysis
NASDAQ:PCMM - Nasdaq - US09789C6710 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to PCMM. In the last year, PCMM was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, PCMM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 50.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.11, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.01
When analyzing the support we notice one important area.
- A support zone ranging from 48.49 to 50.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 50.48 to 51.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NASDAQ:PCMM (5/2/2025, 8:16:42 PM)
50.2975
-0.14 (-0.28%)