PENNANTPARK INVESTMENT CORP (PNNT) Stock Technical Analysis
NYSE:PNNT - New York Stock Exchange, Inc. - US7080621045 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to PNNT. In the past year, PNNT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PNNT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PNNT is lagging the market slightly.
In the last month PNNT has a been trading in the 6.55 - 7.24 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, PNNT turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
PNNT is an average performer in the Capital Markets industry, it outperforms 47% of 233 stocks in the same industry.
PNNT 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
5.98
7.28
We found 4 important support areas.
- A support zone ranging from 6.74 to 6.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.57 to 6.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.18 from a horizontal line in the weekly time frame.
- Support @6.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @7.21 from a horizontal line in the daily time frame.
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 PNNT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNNT is up. |
| ChartMill Relative Strength | 41.07 | NEUTRAL | PNNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PNNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.9 | OVERBOUGHT | The high RSI value suggests PNNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PNNT has a positive trend. |
| Stochastics (14,3) | 89.78 | OVERBOUGHT | The high Stochastics value suggests PNNT may be overbought. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for PNNT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for PNNT 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)
7.16
+0.04 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.56%
1 Week2.58%
2 Weeks5.45%
1 Month4.07%
3 Month15.67%
6 Month0.7%
12 Month-8.56%
2 Year8.48%
3 Year9.82%
5 Year134.75%
10 Year-9.6%
15 Year-31.87%
Volatility
ATR(14)0.11
ATR(20)%1.57%
ATR Inc54.84%
Range Today0.12
ADR(20)0.11
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.07
Mansfield-0.42
10 Day High7.24
10 Day Low6.71
20 Day High7.24
20 Day Low6.55
52 Week High7.7
52 Week Low5.72
CS1 End6.97
CR1 Start7.21
Volume & EV
DER(3)-0.72%
DER(5)-2.04%
Volume425.80K
Volume Incr34.13%
Vol(5)454.66K
Vol(50)426.26K