Technical Analysis for PFLT - PennantPark Floating Rate Capital Ltd.
|Grade||Last Price||% Change||Price Change|
PFLT closed up 1.0 percent on Tuesday, January 15, 2019, on 61 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Feb 6
|See historical PFLT trend table...|
|Date||Alert Name||Type||% Chg|
|Jan 15||Crossed Above 50 DMA||Bullish||0.00%|
|Jan 15||Overbought Stochastic||Strength||0.00%|
|Jan 15||Up 3 Days in a Row||Strength||0.00%|
|Jan 15||Up 4 Days in a Row||Strength||0.00%|
|Jan 15||Up 5 Days in a Row||Strength||0.00%|
|Jan 14||50 DMA Resistance||Bearish||1.00%|
|Jan 14||Non-ADX 1,2,3,4 Bearish||Bearish Swing Setup||1.00%|
|Jan 14||MACD Bullish Centerline Cross||Bullish||1.00%|
|Jan 14||Overbought Stochastic||Strength||1.00%|
|Jan 14||Up 3 Days in a Row||Strength||1.00%|
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PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 1 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more PFLT news...
|52 Week High||14.12|
|52 Week Low||11.05|
|200-Day Moving Average||13.1998|
|50-Day Moving Average||12.4708|
|20-Day Moving Average||11.896|
|10-Day Moving Average||12.2445|
|Average True Range||0.2439|
|Chandelier Exit (Long, 3 ATRs )||11.8683|
|Chandelier Exit (Short, 3 ATRs )||11.7817|
|Upper Bollinger Band||12.7321|
|Lower Bollinger Band||11.0599|
|Percent B (%b)||0.92|
|MACD Signal Line||-0.0921|
|Market Cap||408.93 Million|
|Num Shares||32.5 Million|
|Price-to-Earnings (P/E) Ratio||7.58|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||12.79|
|Resistance 3 (R3)||12.77||12.68||12.75|
|Resistance 2 (R2)||12.68||12.63||12.69||12.74|
|Resistance 1 (R1)||12.64||12.60||12.66||12.66||12.73|
|Support 1 (S1)||12.51||12.50||12.53||12.53||12.45|
|Support 2 (S2)||12.42||12.47||12.43||12.44|
|Support 3 (S3)||12.38||12.42||12.43|
|Support 4 (S4)||12.40|