PROSPECT CAPITAL - Weekly - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 5.31 USD
My targets
4.05 USD (-15.21%)
3.78 USD (-20.92%)
My analysis
PROSPECT CAPITAL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.31 USD. The next support located at 4.05 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.78 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PROSPECT CAPITAL rating 4.78 USD. Over 5 days, this instrument lost -6.46% with the lowest point at 4.75 USD and the highest point at 5.10 USD. The deviation from the price is +0.63% for the low point and -6.27% for the high point.4.75
5.10
4.78
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of PROSPECT CAPITAL indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.78 | 4.78 | 5.77 | 6.71 | 7.49 |
| Change (%) | -20.92% | - | +20.71% | +40.38% | +56.69% |
| Change | -1.00 | - | +0.99 | +1.93 | +2.71 |
| Level | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.92 | 4.98 | 5.01 | 5.07 | 5.10 | 5.16 | 5.19 |
| Camarilla | 5.03 | 5.03 | 5.04 | 5.05 | 5.06 | 5.07 | 5.08 |
| Woodie | 4.92 | 4.97 | 5.01 | 5.06 | 5.10 | 5.15 | 5.19 |
| Fibonacci | 4.98 | 5.01 | 5.03 | 5.07 | 5.10 | 5.12 | 5.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.88 | 4.95 | 5.00 | 5.07 | 5.12 | 5.19 | 5.24 |
| Camarilla | 5.02 | 5.03 | 5.04 | 5.05 | 5.06 | 5.07 | 5.08 |
| Woodie | 4.87 | 4.95 | 4.99 | 5.07 | 5.11 | 5.19 | 5.23 |
| Fibonacci | 4.95 | 5.00 | 5.02 | 5.07 | 5.12 | 5.14 | 5.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.05 | 4.54 | 4.82 | 5.31 | 5.59 | 6.08 | 6.36 |
| Camarilla | 4.90 | 4.97 | 5.04 | 5.11 | 5.18 | 5.25 | 5.32 |
| Woodie | 3.96 | 4.49 | 4.73 | 5.26 | 5.50 | 6.03 | 6.27 |
| Fibonacci | 4.54 | 4.83 | 5.01 | 5.31 | 5.60 | 5.78 | 6.08 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.49 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -3.78 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.43 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 5.58 | |
| Zig ZAG (10): | 4.76 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 59.99 | |
| TEMA (21): | 4.82 | |
| Williams %R (14): | -50.99 | |
| Chande Momentum Oscillator (20): | 0.59 | |
| Repulse (5,40,3): | -12.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9300 | |
| Courbe Coppock: | 17.67 |
| MA7: | 5.02 | |
| MA20: | 5.28 | |
| MA50: | 4.89 | |
| MA100: | 4.93 | |
| MAexp7: | 5.00 | |
| MAexp20: | 5.10 | |
| MAexp50: | 5.62 | |
| MAexp100: | 6.10 | |
| Price / MA7: | -4.78% | |
| Price / MA20: | -9.47% | |
| Price / MA50: | -2.25% | |
| Price / MA100: | -3.04% | |
| Price / MAexp7: | -4.40% | |
| Price / MAexp20: | -6.27% | |
| Price / MAexp50: | -14.95% | |
| Price / MAexp100: | -21.64% |
Quotes :
2020-07-07 13:35:50
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on PROSPECT CAPITAL at the time of the analysis were as follows:
- Prospect CEO Writes Letter to Shareholders
- Prospect Reports Results for March 2020 Quarter and Declares Four More Months of Steady Cash Distributions to Shareholders
- Prospect Capital Schedules Third Quarter Earnings Release and Conference Call
- Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 6.25% Notes due 2024
- Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 6.25% Notes due 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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