PENNANTPARK INVESTMENT CORP (PNNT) Stock Technical Analysis
NYSE:PNNT • US7080621045
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, PNNT is a bad performer in the overall market: 88% of all stocks are doing better.
- PNNT is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 77% are performing better than PNNT.
- PNNT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month PNNT has a been trading in the 4.92 - 6.00 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of PNNT is bad and it also does not present a 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
4.93
We can see 5 important resistance areas.
- A resistance zone ranging from 5.70 to 5.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.91 from a trend line in the daily time frame.
- Resistance @6.04 from a horizontal line in the daily time frame.
- Resistance @6.57 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.22 to 7.27. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The long term trend for PNNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNNT is down. |
| ChartMill Relative Strength | 12.38 | NEGATIVE | PNNT has a low relative strength, it was outperformed by 87.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNNT is below 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) | 22.51 | OVERSOLD | The low RSI value suggests PNNT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PNNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.94 | OVERSOLD | The low Stochastics value suggests PNNT may be oversold. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for PNNT suggests some volalility. |
| Average Directional Index/ADX (14) | 47.26 | POSITIVE | The high ADX value value for PNNT suggests a strong trend. |
4.98
-0.07 (-1.39%)
PENNANTPARK INVESTMENT CORP / PNNT 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 PNNT stock?
PENNANTPARK INVESTMENT CORP (PNNT) has an RSI value of 22.5149. This indicates that the stock is currently oversold.
Can you provide the MACD signal for PENNANTPARK INVESTMENT CORP?
The MACD indicator for PENNANTPARK INVESTMENT CORP (PNNT) has a value of -0.0582873, indicating a bearish trend.
Can you provide the buy/sell signal for PENNANTPARK INVESTMENT CORP?
The buy/sell signal for PENNANTPARK INVESTMENT CORP (PNNT) is sell as both the short term and long term trends are negative.