PALMER SQUARE CAPITAL BDC IN (PSBD) Stock Technical Analysis
NYSE:PSBD - US69702V1070 - Common Stock
Taking everything into account, PSBD scores 3 out of 10 in our technical rating. PSBD performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, PSBD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PSBD in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.81 to 14.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.61 from a horizontal line in the weekly time frame.
- Support @12.05 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 14.21 to 14.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.51 from a horizontal line in the weekly time frame.
- Resistance @14.78 from a horizontal line in the daily time frame.
- Resistance @15.53 from a trend line in the weekly time frame.
- Resistance @16.11 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for PSBD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSBD is neutral. |
| ChartMill Relative Strength | 19.54 | NEGATIVE | PSBD has a low relative strength, it was outperformed by 80.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSBD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PSBD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PSBD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.72 | NEUTRAL | The RSI value for PSBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PSBD has a positive trend. |
| Stochastics (14,3) | 37.06 | NEUTRAL | The Stochastics value for PSBD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for PSBD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for PSBD suggests a weak or negative trend. |
NYSE:PSBD (8/28/2025, 8:04:01 PM)
14.05
+0.24 (+1.74%)