PORTMAN RIDGE FINANCE CORP (PTMN) Stock Technical Analysis
NASDAQ:PTMN - Nasdaq - US73688F2011 - Common Stock - Currency: USD
Taking everything into account, PTMN scores 4 out of 10 in our technical rating. In the past year, PTMN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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 one of the lesser performing stocks in the Capital Markets industry. 84% of 233 stocks in the same industry do better.
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 the 11.48 - 12.77 range, which is quite wide. It is currently trading near the high of this range.
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.
Although the technical rating is only medium, PTMN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.75, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
11.39
17.29
2 important support areas can be observed.
- A support zone ranging from 12.21 to 12.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.76 to 12.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.03 to 16.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.70 from a trend line in the daily time frame.
- Resistance @17.12 from a horizontal 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 | UP | POSITIVE | The short term trend for PTMN is up. |
| ChartMill Relative Strength | 12.29 | NEGATIVE | PTMN has a low relative strength, it was outperformed by 87.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTMN is above 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) | 62.3 | NEUTRAL | The RSI value for PTMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PTMN has a positive trend. |
| Stochastics (14,3) | 73.44 | NEUTRAL | The Stochastics value for PTMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PTMN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.27 | POSITIVE | The high ADX value value for PTMN suggests a strong 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)
12.75
+0.15 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.19%
1 Week1.67%
2 Weeks1.11%
1 Month9.82%
3 Month7.87%
6 Month-20.81%
12 Month-34.62%
2 Year-38.41%
3 Year-47.16%
5 Year21.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%2.08%
ATR Inc-2.79%
Range Today0.29
ADR(20)0.24
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.29
Mansfield-2.64
10 Day High12.77
10 Day Low12.45
20 Day High12.77
20 Day Low11.48
52 Week High19.95
52 Week Low11.48
CS1 End12.75
CR1 Start12.76
Volume & EV
DER(3)-9.4%
DER(5)-4.98%
Volume64.40K
Volume Incr12.52%
Vol(5)41.30K
Vol(50)41.37K