PENNANTPARK INVESTMENT CORP (PNNT) Stock Technical Analysis
NYSE:PNNT - New York Stock Exchange, Inc. - US7080621045 - Common Stock - Currency: USD
Overall PNNT gets a technical rating of 1 out of 10. PNNT'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.
When comparing the yearly performance of all stocks, PNNT is a bad performer in the overall market: 73% of all stocks are doing better.
PNNT is one of the lesser performing stocks in the Capital Markets industry. 63% of 231 stocks in the same industry do better.
In the last month PNNT has a been trading in the 6.34 - 6.98 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.
PNNT 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 PNNT is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
PNNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
5.98
7.35
When analyzing the support we can see 2 important areas.
- Support @6.18 from a horizontal line in the weekly time frame.
- Support @6.04 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.69 to 6.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.88 to 6.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.05 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.21 to 7.28. 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 PNNT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNNT is neutral. |
| ChartMill Relative Strength | 27.4 | NEGATIVE | PNNT has a low relative strength, it was outperformed by 72.6% off all stocks 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) | DOWN | MIXED | The current price of PNNT is above 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) | 50.77 | NEUTRAL | The RSI value for PNNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PNNT has a negative trend. |
| Stochastics (14,3) | 43.45 | NEUTRAL | The Stochastics value for PNNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for PNNT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.06 | 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)
6.66
+0.03 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.45%
1 Week1.37%
2 Weeks-0.75%
1 Month3.9%
3 Month-8.39%
6 Month-1.62%
12 Month-11.08%
2 Year20.65%
3 Year-5.93%
5 Year103.05%
10 Year-30.98%
15 Year-33.53%
Volatility
ATR(14)0.2
ATR(20)%2.63%
ATR Inc-46.25%
Range Today0.1
ADR(20)0.16
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.4
Mansfield-0.81
10 Day High6.93
10 Day Low6.42
20 Day High6.98
20 Day Low6.34
52 Week High8.04
52 Week Low5.72
CS1 End6.18
CR1 Start6.69
Volume & EV
DER(3)-3.88%
DER(5)-1.31%
Volume327.40K
Volume Incr-37.53%
Vol(5)329.24K
Vol(50)547.01K