PENNANTPARK FLOATING RATE CA (PFLT) Stock Technical Analysis
NYSE:PFLT - New York Stock Exchange, Inc. - US70806A1060 - Common Stock - Currency: USD
Taking everything into account, PFLT scores 5 out of 10 in our technical rating. In the past year, PFLT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, PFLT is a bad performer in the overall market: 66% of all stocks are doing better.
PFLT is one of the lesser performing stocks in the Capital Markets industry. 62% of 233 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month PFLT has a been trading in the 10.02 - 10.79 range, which is quite wide. It is currently trading near the high of this range.
PFLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PFLT is lagging the market.
PFLT has an average technical rating and it also 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
9.41
12.07
4 important support areas can be observed.
- A support zone ranging from 10.27 to 10.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.04 from a horizontal line in the daily time frame.
- Support @9.71 from a horizontal line in the weekly time frame.
- Support @9.51 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.86 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.94 to 11.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for PFLT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFLT is up. |
| ChartMill Relative Strength | 34.24 | NEUTRAL | PFLT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PFLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.43 | NEUTRAL | The RSI value for PFLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PFLT has a positive trend. |
| Stochastics (14,3) | 94.86 | OVERBOUGHT | The high Stochastics value suggests PFLT may be overbought. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for PFLT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for PFLT 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)
10.74
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0%
1 Week1.8%
2 Weeks4.99%
1 Month2.29%
3 Month12.82%
6 Month-1.56%
12 Month-9.97%
2 Year-4.53%
3 Year-16.74%
5 Year29.55%
10 Year-19.55%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.38%
ATR Inc12.16%
Range Today0.12
ADR(20)0.15
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.24
Mansfield-0.9
10 Day High10.8
10 Day Low10.18
20 Day High10.8
20 Day Low10.02
52 Week High11.9
52 Week Low8.82
CS1 End10.51
CR1 Start10.86
Volume & EV
DER(3)-1.24%
DER(5)1.24%
Volume682.10K
Volume Incr-14.36%
Vol(5)682.68K
Vol(50)848.57K