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 8 out of 10 to PNNT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PNNT is only an average performer.
The long and short term trends are both positive. This is looking good!
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.
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 58% of all stocks.
PNNT is an average performer in the Capital Markets industry, it outperforms 60% of 237 stocks in the same industry.
In the last month PNNT has a been trading in a tight range between 7.05 and 7.45.
PNNT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.21, a Stop Loss order could be placed below this zone.
More info and screens
5.98
7.52
We found 5 important support areas.
- A support zone ranging from 7.18 to 7.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.89 to 7.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.62 from a horizontal line 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.25 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.45 to 7.45. 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 | UP | POSITIVE | The long term trend for PNNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNNT is up. |
| ChartMill Relative Strength | 58.12 | NEUTRAL | PNNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PNNT is below 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) | 54.31 | NEUTRAL | The RSI value for PNNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PNNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.37 | NEUTRAL | The Stochastics value for PNNT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for PNNT suggests low volalility. |
| Average Directional Index/ADX (14) | 21.47 | NEUTRAL | The ADX value for PNNT suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.28 | 7.17 | 0.11 (1.51%) | 25.00% |
| An entry @7.28. This is a Buy Stop order right above the resistance zone. | An exit @7.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 1.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of PNNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.23
-0.06 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.82%
1 Week0%
2 Weeks-2.17%
1 Month1.54%
3 Month10.89%
6 Month0.56%
12 Month4.33%
2 Year9.21%
3 Year11.92%
5 Year104.82%
10 Year-4.87%
15 Year-26.82%
Volatility
ATR(14)0.13
ATR(20)%1.68%
ATR Inc0.67%
Range Today0.17
ADR(20)0.12
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.12
Mansfield-0.36
10 Day High7.45
10 Day Low7.06
20 Day High7.45
20 Day Low7.06
52 Week High7.45
52 Week Low5.72
CS1 End7.21
CR1 Start7.25
Volume & EV
DER(3)-1.05%
DER(5)-0.35%
Volume301.50K
Volume Incr1%
Vol(5)435.90K
Vol(50)387.32K