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(PNNT) Pennantpark Investment complete technical analysis [charts+indicators] | Buy/Sell Pennantpark Investment | (PNNT) share price targets

Complete technical analysis of Pennantpark Investment (PNNT) by charts plus indicators, forecast predictions and share price targets for Pennantpark Investment (PNNT)

Pennantpark Investment trades in USA in N A sector.

10 day averaged volume of Pennantpark Investment is 452216

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 7.37 7.32 7.38 7.30 0.907 times
16 Thu May 2024 7.30 7.34 7.35 7.30 0.514 times
15 Wed May 2024 7.33 7.37 7.39 7.32 0.615 times
14 Tue May 2024 7.36 7.27 7.36 7.22 0.669 times
13 Mon May 2024 7.31 7.29 7.37 7.25 1.623 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.3, but if it comes below 7.3, then a intra day sell could be more profitable.
If you take a sell trade below 7.3, then use 7.3 as stoploss and 7.2 as target. However if you take a buy trade in stock , then use 7.3 as stoploss and 7.4 as target.

Share price targets for Pennantpark Investment (PNNT)

Target Type Value
Downside Target 6.55
Downside Target 6.75
Downside Target 7.08
Downside Target 7.22
Downside Target 7.23
Downside Target 7.27
Upside Target 7.39
Upside Target 7.42

Intraday share price targets for Pennantpark Investment (PNNT)

Target Type Value
Downside Intraday Target 7.26
Downside Intraday Target 7.16
Upside Intraday Target 7.43
Upside Intraday Target 7.5
Downside Intraday Target 7.33

Weekly technical analysis of Pennantpark Investment (PNNT)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 7.37 7.29 7.39 7.22 0.763 times
10 Fri May 2024 7.28 7.10 7.42 7.08 1.585 times
03 Fri May 2024 7.04 7.14 7.23 7.03 0.671 times
26 Fri Apr 2024 7.13 7.01 7.27 7.00 1.753 times
19 Fri Apr 2024 7.01 6.85 7.02 6.75 0.575 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Pennantpark Investment (PNNT)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 7.37 7.12 7.42 7.03 0.685 times
30 Tue Apr 2024 7.12 6.90 7.27 6.75 1.058 times
28 Thu Mar 2024 6.88 6.78 6.92 6.56 0.7 times
29 Thu Feb 2024 6.82 7.06 7.08 6.55 1.238 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Pennantpark Investment (PNNT)

Indicator Name Indicator Value Indicator Signal
ADX 42, 42, 0 Sell
MACD 0, 0Buy
Stochastics 77Buy
CCI 76Buy
RSI 55Buy
OBV 1421786Sell
VWAP 7Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Pennantpark Investment ( (PNNT) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennantpark Investment ( (PNNT) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennantpark Investment ( (PNNT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennantpark Investment ( (PNNT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pennantpark Investment stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Pennantpark Investment in short term and the buy signal is strong.

Pennantpark Investment Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Pennantpark Investment in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Pennantpark Investment is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.3 and Pennantpark Investment (PNNT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Pennantpark Investment (PNNT) stock. Volume based technical analysis of Pennantpark Investment (PNNT) stock is negative.

Pennantpark Investment Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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