PHOTRONICS INC (PLAB) Stock Technical Analysis
NASDAQ:PLAB - Nasdaq - US7194051022 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PLAB. PLAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
86% of all other stocks performed better in the past year than PLAB.
PLAB is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 77% of 110 stocks in the same industry do better.
PLAB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLAB is lagging the market.
In the last month PLAB has a been trading in the 16.59 - 20.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PLAB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
16.54
26.80
When analyzing the support we notice one important area.
- A support zone ranging from 16.71 to 16.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 8 important areas.
- A resistance zone ranging from 18.31 to 18.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.04 to 19.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.73 from a trend line in the daily time frame.
- Resistance @20.55 from a horizontal line in the weekly time frame.
- Resistance @20.93 from a horizontal line in the daily time frame.
- Resistance @22.14 from a trend line in the weekly time frame.
- Resistance @25.86 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for PLAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLAB is down. |
| ChartMill Relative Strength | 14.7 | NEGATIVE | PLAB has a low relative strength, it was outperformed by 85.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PLAB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.74 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PLAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.09 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for PLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for PLAB suggests a weak or negative 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)
18.21
-0.06 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.33%
1 Week-4.46%
2 Weeks2.71%
1 Month-9%
3 Month-13.33%
6 Month-24.25%
12 Month-26.98%
2 Year-29.39%
3 Year-6.52%
5 Year63.61%
10 Year91.48%
15 Year302.88%
Volatility
ATR(14)0.57
ATR(20)%3.95%
ATR Inc-23.13%
Range Today0.59
ADR(20)0.6
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.7
Mansfield-2.19
10 Day High19.42
10 Day Low17.86
20 Day High20.16
20 Day Low16.59
52 Week High31.6
52 Week Low16.46
CS1 End16.92
CR1 Start18.31
Volume & EV
DER(3)-4.1%
DER(5)-3.33%
Volume888.30K
Volume Incr-32.68%
Vol(5)582.16K
Vol(50)732.69K