PHOTRONICS INC (PLAB) Stock Technical Analysis
USA - NASDAQ:PLAB - US7194051022 - Common Stock
Overall PLAB gets a technical rating of 7 out of 10. Although PLAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PLAB has an excellent technical rating and also presents 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 24.43. Right above this resistance zone may be a good entry point.
More info and screens
21.49
We found 2 important support areas.
- A support zone ranging from 22.38 to 22.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.71 to 21.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.43 to 25.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PLAB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLAB is neutral. |
| ChartMill Relative Strength | 69.15 | NEUTRAL | PLAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PLAB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.78 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PLAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.71 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for PLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.56 | NEGATIVE | The low ADX value for PLAB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.07 | 22.55 | 2.52 (10.05%) | 9.95% |
| An entry @25.07. This is a Buy Stop order right above the resistance zone. | An exit @22.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.52 points, which is 10.05%. | When investing 9.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.92
-0.02 (-0.08%)
PHOTRONICS INC / PLAB FAQ
What is the technical rating for PLAB stock?
ChartMill assigns a technical rating of 7 / 10 to PLAB.
What is the trend direction for PLAB stock?
The current trend direction for PHOTRONICS INC (PLAB) is Bullish.
What is the RSI signal for PHOTRONICS INC (PLAB) stock?
PHOTRONICS INC (PLAB) has an RSI value of 52.7827. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PHOTRONICS INC?
The MACD indicator for PHOTRONICS INC (PLAB) has a value of -0.0109051, indicating a bearish trend.
Can you provide the short term momentum for PHOTRONICS INC?
The short term momentum for PHOTRONICS INC (PLAB) is neutral.