PENNANTPARK INVESTMENT CORP (PNNT)       6.14  -0.02 (-0.32%)

6.14  -0.02 (-0.32%)

US7080621045 - Common Stock - After market: 6.14 0 (0%)

Technical Rating

5

We assign a technical rating of 5 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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, PNNT outperforms 48% of them, which is more or less in line with the market.
PNNT is an average performer in the Capital Markets industry, it outperforms 49% of 202 stocks in the same industry.
PNNT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month PNNT has a been trading in the 5.85 - 6.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 4.42% -3.31% -12.78% -10.50% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 48.52 5.33 - 8.02
PNNT Weekly chart
PNNT Daily chart

Support/Resistance Analysis


5.39

6.37
We found 2 important support areas.
  • Support @5.54 from a horizontal line in the weekly time frame.
  • A support zone ranging from 5.44 to 5.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 6.19 to 6.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

7

PNNT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.


PNNT Daily chart

PENNANTPARK INVESTMENT CORP6.14

NYSE:PNNT (12/2/2022, 7:04:01 PM)-0.02 (-0.32%)

After market: 6.14 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets
Performance
Today -0.32% 1 Week -1.29%
2 Weeks 0.49% 1 Month 4.42%
3 Month -3.31% 6 Month -12.78%
Volatility
ATR(14) 0.15 ATR(20)% 2.54%
ATR Inc -43.76% Range Today 0.07
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 48.52 Mansfield -0.72
10 Day High 6.35 10 Day Low 6.07
20 Day High 6.35 20 Day Low 5.85
52 Week High 8.02 52 Week Low 5.33
CS1 End 5.54 CR1 Start 6.19
Volume & EV
DER(3) -3.12% DER(5) -2.84%
Volume 82.80K Volume Incr -42.52%
Vol(5) 138.54K Vol(50) 222.87K

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