Overall PLAB gets a technical rating of 2 out of 10. PLAB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
PLAB has a poor technical rating and the quality of the setup is also not perfect 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.
19.49
When analyzing the support we can see 4 important areas.
3 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The long term trend for PLAB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLAB is neutral. |
| ChartMill Relative Strength | 35.05 | NEUTRAL | PLAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PLAB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PLAB has a positive trend. |
| Stochastics (14,3) | 51.99 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for PLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.05 | NEUTRAL | The ADX value for PLAB suggests a possible start of a new trend. |
22.77
+1 (+4.59%)
ChartMill assigns a technical rating of 2 / 10 to PLAB.
The current trend direction for PHOTRONICS INC (PLAB) is Bearish.
PHOTRONICS INC (PLAB) has an RSI value of 53.7659. This indicates that the stock is currently neutral.
The MACD indicator for PHOTRONICS INC (PLAB) has a value of 0.048421, indicating a bearish trend.
The short term momentum for PHOTRONICS INC (PLAB) is neutral.