PORTMAN RIDGE FINANCE CORP (PTMN) Stock Technical Analysis
USA - NASDAQ:PTMN - US73688F2011 - Common Stock
12.27 USD
+0.17 (+1.4%)
12.49 USD
+0.22 (+1.79%)
We assign a technical rating of 1 out of 10 to PTMN. PTMN 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PTMN is a bad performer in the overall market: 88% of all stocks are doing better.
PTMN is part of the Capital Markets industry. There are 236 other stocks in this industry, of which 81% are performing better than PTMN.
PTMN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PTMN has a been trading in a tight range between 12.09 and 12.75.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, PTMN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
11.39
16.28
When analyzing the support we notice one important area.
- A support zone ranging from 11.51 to 11.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.32 to 12.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.74 from a trend line in the weekly time frame.
- Resistance @16.12 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for PTMN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTMN is neutral. |
| ChartMill Relative Strength | 12.71 | NEGATIVE | PTMN has a low relative strength, it was outperformed by 87.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PTMN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.2 | NEUTRAL | The RSI value for PTMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PTMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.29 | OVERSOLD | The low Stochastics value suggests PTMN may be oversold. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for PTMN suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for PTMN 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)
12.27
+0.17 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.4%
1 Week-3.39%
2 Weeks-0.57%
1 Month-2.62%
3 Month3.63%
6 Month-29.48%
12 Month-34.35%
2 Year-38.03%
3 Year-45.03%
5 Year4.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.95%
ATR Inc9.17%
Range Today0.27
ADR(20)0.22
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.71
Mansfield-2.69
10 Day High12.75
10 Day Low12.09
20 Day High12.75
20 Day Low12.09
52 Week High18.92
52 Week Low11.48
CS1 End11.69
CR1 Start12.32
Volume & EV
DER(3)-1.41%
DER(5)-0.91%
Volume53.20K
Volume Incr38.61%
Vol(5)68.64K
Vol(50)46.01K