PHOTRONICS INC (PLAB) Stock Technical Analysis
NASDAQ:PLAB - US7194051022 - Common Stock
22.67 USD
-0.91 (-3.86%)
22.67 USD
0 (0%)
We assign a technical rating of 8 out of 10 to PLAB. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, PLAB turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
PLAB is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 58% of 110 stocks in the same industry.
PLAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLAB is lagging the market.
In the last month PLAB has a been trading in the 19.46 - 24.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although PLAB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.75
26.80
We found 3 important support areas.
- Support @20.79 from a trend line in the daily time frame.
- Support @19.69 from a horizontal line in the daily time frame.
- Support @16.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @23.59 from a trend line in the weekly time frame.
- Resistance @26.53 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for PLAB is up. |
| ChartMill Relative Strength | 69.69 | 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) | 60.72 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests PLAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.5 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for PLAB suggests a possible start of a new trend. |
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)
22.67
-0.91 (-3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.86%
1 Week2.67%
2 Weeks9.46%
1 Month14.55%
3 Month35.67%
6 Month8.78%
12 Month-12.34%
2 Year-4.59%
3 Year34.94%
5 Year126.02%
10 Year148.85%
15 Year425.99%
Volatility
ATR(14)0.91
ATR(20)%3.47%
ATR Inc55.22%
Range Today0.95
ADR(20)0.73
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.69
Mansfield-0.45
10 Day High24.97
10 Day Low20.43
20 Day High24.97
20 Day Low19.46
52 Week High31.6
52 Week Low16.46
CS1 End20.79
CR1 Start23.59
Volume & EV
DER(3)-0.7%
DER(5)0.13%
Volume994.60K
Volume Incr105.11%
Vol(5)1.11M
Vol(50)583.74K