PALMER SQUARE CAPITAL BDC IN (PSBD) Stock Technical Analysis
NYSE:PSBD - New York Stock Exchange, Inc. - US69702V1070 - Common Stock - Currency: USD
Taking everything into account, PSBD scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PSBD was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, PSBD is a bad performer in the overall market: 79% of all stocks are doing better.
PSBD is one of the lesser performing stocks in the Capital Markets industry. 70% of 232 stocks in the same industry do better.
PSBD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PSBD 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 PSBD is lagging the market slightly.
PSBD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
11.93
16.45
3 important support areas can be observed.
- A support zone ranging from 13.74 to 13.85. 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.
- A support zone ranging from 12.05 to 12.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.90 to 14.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.52 to 15.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.11 to 16.29. 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 PSBD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSBD is up. |
| ChartMill Relative Strength | 21.34 | NEGATIVE | PSBD has a low relative strength, it was outperformed by 78.66% 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) | 56.92 | NEUTRAL | The RSI value for PSBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PSBD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.89 | NEUTRAL | The Stochastics value for PSBD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for PSBD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for PSBD 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)
13.88
+0.02 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.14%
1 Week-0.72%
2 Weeks0.36%
1 Month15.09%
3 Month-8.08%
6 Month-12.81%
12 Month-16.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%3.35%
ATR Inc-46.11%
Range Today0.25
ADR(20)0.45
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.34
Mansfield-1.39
10 Day High14.28
10 Day Low13.59
20 Day High14.29
20 Day Low11.81
52 Week High16.85
52 Week Low11.51
CS1 End12.61
CR1 Start13.88
Volume & EV
DER(3)0.29%
DER(5)-1.12%
Volume56.20K
Volume Incr-28.64%
Vol(5)33.62K
Vol(50)47.63K