PENNANTPARK FLOATING RATE CA (PFLT) Stock Technical Analysis
NYSE:PFLT - New York Stock Exchange, Inc. - US70806A1060 - Common Stock - Currency: USD
Overall PFLT gets a technical rating of 1 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
75% of all other stocks performed better in the past year than PFLT.
PFLT is part of the Capital Markets industry. There are 232 other stocks in this industry, of which 66% are performing better than PFLT.
In the last month PFLT has a been trading in the 9.78 - 10.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PFLT has an average volume of 1272860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PFLT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PFLT is lagging the market slightly.
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 very little resistance above the current price. There is a support zone below the current price at 10.22, 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
9.41
11.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.16 to 10.22. 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 found 1 important resistance area.
- A resistance zone ranging from 11.03 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 | NEUTRAL | NEUTRAL | The short term trend for PFLT is neutral. |
| ChartMill Relative Strength | 25.14 | NEGATIVE | PFLT has a low relative strength, it was outperformed by 74.86% 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) | DOWN | MIXED | The current price of PFLT is above 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) | 52.75 | NEUTRAL | The RSI value for PFLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PFLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.06 | NEUTRAL | The Stochastics value for PFLT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for PFLT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.3 | 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)
10.24
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0%
1 Week0%
2 Weeks1.99%
1 Month2.09%
3 Month-8.16%
6 Month-7.41%
12 Month-10.1%
2 Year-3.85%
3 Year-10.8%
5 Year21.9%
10 Year-26.22%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.71%
ATR Inc-27.13%
Range Today0.17
ADR(20)0.16
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.14
Mansfield-1.06
10 Day High10.35
10 Day Low9.97
20 Day High10.38
20 Day Low9.78
52 Week High12.02
52 Week Low8.82
CS1 End10.22
CR1 Start11.03
Volume & EV
DER(3)1.51%
DER(5)-3.8%
Volume880.01K
Volume Incr5.77%
Vol(5)970.73K
Vol(50)1.27M