PROSPECT CAPITAL CORP (PSEC) Technical Analysis
NASDAQ:PSEC • US74348T1025
Overall PSEC gets a technical rating of 2 out of 10. PSEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than PSEC.
- PSEC is one of the lesser performing stocks in the Capital Markets industry. 63% of 242 stocks in the same industry do better.
- PSEC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PSEC is lagging the market.
- In the last month PSEC has a been trading in the 2.61 - 3.13 range, which is quite wide. It is currently trading near the lows of this range.
- PSEC has an average volume of 4515930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, PSEC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for PSEC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.42
When analyzing the support we notice one important area.
- A support zone ranging from 2.44 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.75 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.91 from a trend line in the weekly time frame.
- Resistance @3.01 from a trend line in the daily time frame.
- A resistance zone ranging from 3.06 to 3.06. 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 PSEC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSEC is down. |
| ChartMill Relative Strength | 16.41 | NEGATIVE | PSEC has a low relative strength, it was outperformed by 83.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSEC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PSEC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PSEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.96 | NEUTRAL | The RSI value for PSEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PSEC has a negative trend. |
| Stochastics (14,3) | 11.89 | OVERSOLD | The low Stochastics value suggests PSEC may be oversold. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for PSEC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | NEGATIVE | The low ADX value for PSEC suggests a weak or negative trend. |
PSEC Technicals: Chart, Performance Metrics, Trend & Indicators
2.67
-0.06 (-2.2%)
PROSPECT CAPITAL CORP / PSEC FAQ
What is the ChartMill technical rating of PROSPECT CAPITAL CORP (PSEC) stock?
ChartMill assigns a technical rating of 2 / 10 to PSEC.
What is the current trend direction of PROSPECT CAPITAL CORP (PSEC) stock?
The current trend direction for PROSPECT CAPITAL CORP (PSEC) is Bearish.
What is the RSI signal for PROSPECT CAPITAL CORP (PSEC) stock?
PROSPECT CAPITAL CORP (PSEC) has an RSI value of 40.9556. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSPECT CAPITAL CORP?
The short term momentum for PROSPECT CAPITAL CORP (PSEC) is negative.
Can you provide the buy/sell signal for PROSPECT CAPITAL CORP?
The buy/sell signal for PROSPECT CAPITAL CORP (PSEC) is sell as both the short term and long term trends are negative.