PHOTRONICS INC (PLAB) Stock Technical Analysis
NASDAQ:PLAB • US7194051022
Taking everything into account, PLAB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLAB is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- PLAB is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 78% of 113 stocks in the same industry.
- PLAB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- PLAB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- PLAB has an average volume of 1578950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PLAB is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, PLAB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 39.67. Right above this resistance zone may be a good entry point.
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19.49
6 important support areas can be observed.
- A support zone ranging from 36.42 to 36.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.32 to 33.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.32 from a trend line in the weekly time frame.
- Support @22.08 from a trend line in the daily time frame.
- Support @20.64 from a horizontal line in the daily time frame.
- Support @19.69 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.67 to 39.68. This zone is formed by a combination of multiple trend lines in the daily 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 | 95.14 | POSITIVE | PLAB has a high relative strength, it outperformed 95.14% off all stocks 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) | UP | POSITIVE | The current price of PLAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.87 | 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. |
| Stochastics (14,3) | 73.07 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for PLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for PLAB suggests a possible start of a new 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 |
|---|---|---|---|
| 39.69 | 36.41 | 3.28 (8.26%) | 12.10% |
| An entry @39.69. This is a Buy Stop order right above the resistance zone. | An exit @36.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.28 points, which is 8.26%. | For a 1.00% total portfolio risk, you can invest 12.10% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PLAB. Please evaluate whether better entry and exit points can be found.
- 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.
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PHOTRONICS INC / PLAB FAQ
What is the technical rating for PLAB stock?
ChartMill assigns a technical rating of 9 / 10 to PLAB.
Can you provide the trend direction for PHOTRONICS INC?
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 58.8697. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PHOTRONICS INC?
The buy/sell signal for PHOTRONICS INC (PLAB) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PHOTRONICS INC (PLAB) stock?
PHOTRONICS INC (PLAB) has a support level at 36.93 and a resistance level at 39.67. Check the full technical report for our detailed analysis of PLAB support and resistance levels.