PENNANTPARK FLOATING RATE CA (PFLT) Stock Technical Analysis
NYSE:PFLT - US70806A1060 - Common Stock
10.27 USD
+0.09 (+0.88%)
10.2401 USD
-0.03 (-0.29%)
We assign a technical rating of 1 out of 10 to PFLT. PFLT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PFLT is a bad performer in the overall market: 79% of all stocks are doing better.
PFLT is one of the lesser performing stocks in the Capital Markets industry. 70% of 239 stocks in the same industry do better.
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.
In the last month PFLT has a been trading in a tight range between 10.01 and 10.60.
PFLT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PFLT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.41
11.54
3 important support areas can be observed.
- A support zone ranging from 10.04 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.30 to 10.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.03 to 11.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.35 to 11.43. 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 | DOWN | NEGATIVE | The long term trend for PFLT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PFLT is down. |
| ChartMill Relative Strength | 21.66 | NEGATIVE | PFLT has a low relative strength, it was outperformed by 78.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PFLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PFLT is below a declining 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) | 47.2 | NEUTRAL | The RSI value for PFLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PFLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.2 | NEUTRAL | The Stochastics value for PFLT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for PFLT suggests low volalility. |
| Average Directional Index/ADX (14) | 38.11 | POSITIVE | The high ADX value value for PFLT suggests a strong 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)
10.27
+0.09 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.88%
1 Week0.79%
2 Weeks0.39%
1 Month-1.25%
3 Month-0.29%
6 Month-9.44%
12 Month-9.2%
2 Year-4.73%
3 Year-16.03%
5 Year20.68%
10 Year-14.63%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%1.49%
ATR Inc-9.32%
Range Today0.16
ADR(20)0.15
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.66
Mansfield-1.34
10 Day High10.3
10 Day Low10.01
20 Day High10.6
20 Day Low10.01
52 Week High11.9
52 Week Low8.82
CS1 End10.17
CR1 Start10.3
Volume & EV
DER(3)3.53%
DER(5)1.76%
Volume769.90K
Volume Incr-5.52%
Vol(5)800.42K
Vol(50)775.33K