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.
63% of all other stocks performed better in the past year than PTMN.
PTMN is part of the Capital Markets industry. There are 225 other stocks in this industry, of which 62% 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 the 16.37 - 17.51 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
PTMN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.30, 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
15.94
21.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.01 to 17.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.10 to 16.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.41 to 17.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.49 to 18.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.81 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.24
Mansfield-1.25
10 Day High17.51
10 Day Low17
20 Day High17.51
20 Day Low16.37
52 Week High20.84
52 Week Low15.94
Performance
1 Week0.69%
2 Weeks2.05%
1 Month3.88%
3 Month2.96%
6 Month-6.9%
12 Month-5.38%
2 Year-24.74%
3 Year-27.32%
5 Year-16.75%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)66.45
LBB16.93
UBB17.51
17.4
+0.02 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.12%
1 Week0.69%
2 Weeks2.05%
1 Month3.88%
3 Month2.96%
6 Month-6.9%
12 Month-5.38%
2 Year-24.74%
3 Year-27.32%
5 Year-16.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%1.58%
ATR Inc-14.93%
Range Today0.29
ADR(20)0.27
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.24
Mansfield-1.25
10 Day High17.51
10 Day Low17
20 Day High17.51
20 Day Low16.37
52 Week High20.84
52 Week Low15.94
CS1 End17.3
CR1 Start17.41
Volume & EV
DER(3)-0.28%
DER(5)-2.01%
Volume73.80K
Volume Incr31.66%
Vol(5)45.70K
Vol(50)40.52K