PENNANTPARK FLOATING RATE CA (PFLT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PFLT - US70806A1060 - Common Stock
We assign a technical rating of 4 out of 10 to PFLT. 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.
PFLT has an average technical rating and also the quality of the setup is only medium 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
8.34
2 important support areas can be observed.
- A support zone ranging from 9.06 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.42 to 8.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @9.95 from a trend line in the daily time frame.
- Resistance @10.11 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.75 to 10.83. 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 | UP | POSITIVE | The short term trend for PFLT is up. |
| ChartMill Relative Strength | 21.43 | NEGATIVE | PFLT has a low relative strength, it was outperformed by 78.57% off all stocks 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) | 59.13 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 86.05 | OVERBOUGHT | The high Stochastics value suggests PFLT may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for PFLT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for PFLT suggests a possible start of a new trend. |
9.45
-0.1 (-1.05%)
PENNANTPARK FLOATING RATE CA / PFLT FAQ
What is the technical rating for PFLT stock?
ChartMill assigns a technical rating of 4 / 10 to PFLT.
What is the current trend direction of PENNANTPARK FLOATING RATE CA (PFLT) stock?
The current trend direction for PENNANTPARK FLOATING RATE CA (PFLT) is Bearish.
What is the RSI signal for PENNANTPARK FLOATING RATE CA (PFLT) stock?
PENNANTPARK FLOATING RATE CA (PFLT) has an RSI value of 59.1307. This indicates that the stock is currently neutral.
What is the short term momentum for PENNANTPARK FLOATING RATE CA (PFLT) stock?
The short term momentum for PENNANTPARK FLOATING RATE CA (PFLT) is positive.
Can you provide the buy/sell signal for PENNANTPARK FLOATING RATE CA?
The buy/sell signal for PENNANTPARK FLOATING RATE CA (PFLT) is hold as the short term and long term trends are mixed.