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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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. 74% of 239 stocks in the same industry do better.
- PNNT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so PNNT is lagging the market.
- In the last month PNNT has a been trading in the 4.34 - 5.16 range, which is quite wide. It is currently trading near the lows of this range.
PNNT Weekly and Daily overview Charts
PNNT Setup Rating and Analysis
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
PNNT Support and Resistance Analysis
4.32
We can see 5 important resistance areas.
- A resistance zone ranging from 4.64 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.89 from a horizontal line in the daily time frame.
- Resistance @5.47 from a trend line in the weekly time frame.
- Resistance @5.63 from a trend line in the daily time frame.
- A resistance zone ranging from 7.19 to 7.27. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for PNNT is down. |
| ChartMill Relative Strength | 11.52 | NEGATIVE | PNNT has a low relative strength, it was outperformed by 88.48% 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) | 30.78 | 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) | 7.06 | OVERSOLD | The low Stochastics value suggests PNNT may be oversold. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for PNNT suggests some volalility. |
| Average Directional Index/ADX (14) | 43.03 | 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
4.36
-0.15 (-3.33%)
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 PNNT stock?
PENNANTPARK INVESTMENT CORP (PNNT) has an RSI value of 30.7793. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PENNANTPARK INVESTMENT CORP?
The MACD indicator for PENNANTPARK INVESTMENT CORP (PNNT) has a value of -0.00717482, 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.