PENNANTPARK INVESTMENT CORP (PNNT) Technical Analysis
NYSE:PNNT • US7080621045
Current stock price
PNNT Technical Rating and Analysis
Overall PNNT gets a technical rating of 0 out of 10. PNNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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.
- When comparing the yearly performance of all stocks, PNNT is a bad performer in the overall market: 89% of all stocks are doing better.
- PNNT is one of the lesser performing stocks in the Capital Markets industry. 76% of 240 stocks in the same industry do better.
- PNNT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PNNT has a been trading in the 4.29 - 4.80 range, which is quite wide. It is currently trading near the high of this range.
PNNT Weekly and Daily overview Charts
PNNT Setup Rating and Analysis
PNNT 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 4.77. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PNNT 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
PNNT Support and Resistance Analysis
4.54
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 4.77 to 4.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.25 from a trend line in the weekly time frame.
- Resistance @5.46 from a trend line in the daily time frame.
- Resistance @5.66 from a trend line in the daily time frame.
- Resistance @7.16 from a trend line in the weekly time frame.
PNNT Technical Indicator Signal Analysis
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 PNNT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNNT is neutral. |
| ChartMill Relative Strength | 11.3 | NEGATIVE | PNNT has a low relative strength, it was outperformed by 88.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PNNT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PNNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.97 | NEUTRAL | The RSI value for PNNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PNNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.16 | NEUTRAL | The Stochastics value for PNNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for PNNT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for PNNT suggests a strong trend. |
PNNT Chart- and CandleStick Pattern Analysis
PNNT Technicals: Chart, Performance Metrics, Trend & Indicators
4.59
-0.08 (-1.71%)
PENNANTPARK INVESTMENT CORP / PNNT TA FAQ
What is the ChartMill technical rating of PENNANTPARK INVESTMENT CORP (PNNT) stock?
ChartMill assigns a technical rating of 0 / 10 to PNNT.
Can you provide the trend direction for PENNANTPARK INVESTMENT CORP?
The current trend direction for PENNANTPARK INVESTMENT CORP (PNNT) is Bearish.
What is the RSI signal for PENNANTPARK INVESTMENT CORP (PNNT) stock?
PENNANTPARK INVESTMENT CORP (PNNT) has an RSI value of 46.9711. This indicates that the stock is currently neutral.
What is the MACD signal for PNNT stock?
The MACD indicator for PENNANTPARK INVESTMENT CORP (PNNT) has a value of 0.0440333, indicating a bearish trend.
What are the support and resistance levels for PENNANTPARK INVESTMENT CORP (PNNT) stock?
PENNANTPARK INVESTMENT CORP (PNNT) has a resistance level at 4.77. Check the full technical report for our detailed analysis of PNNT support and resistance levels.