Technical Analysis for PTMN - Portman Ridge Finance Corporation

Grade Last Price % Change Price Change
B 20.49 0.89% 0.18
PTMN closed up 0.89 percent on Friday, May 17, 2024, on 2.42 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%

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Profile

Portman Ridge Finance Corporation is a publicly traded, externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Portman Ridge Finance Corporation’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BCP.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Private Equity Investment Management Venture Capital Business Development Business Development Company Financial Adviser Investment Company Investment Company Act

Is PTMN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 20.84
52 Week Low 15.5015
Average Volume 51,050
200-Day Moving Average 17.83
50-Day Moving Average 19.16
20-Day Moving Average 19.66
10-Day Moving Average 19.90
Average True Range 0.35
RSI (14) 71.59
ADX 38.26
+DI 31.54
-DI 5.76
Chandelier Exit (Long, 3 ATRs) 19.78
Chandelier Exit (Short, 3 ATRs) 19.89
Upper Bollinger Bands 20.37
Lower Bollinger Band 18.95
Percent B (%b) 1.09
BandWidth 7.21
MACD Line 0.31
MACD Signal Line 0.24
MACD Histogram 0.0698
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.27
Resistance 3 (R3) 21.30 21.07 21.14
Resistance 2 (R2) 21.07 20.87 21.06 21.10
Resistance 1 (R1) 20.78 20.75 20.93 20.75 21.05
Pivot Point 20.55 20.55 20.62 20.54 20.55
Support 1 (S1) 20.26 20.35 20.41 20.23 19.93
Support 2 (S2) 20.03 20.23 20.02 19.88
Support 3 (S3) 19.74 20.03 19.84
Support 4 (S4) 19.71