PHOTRONICS INC (PLAB) Stock Technical Analysis
NASDAQ:PLAB • US7194051022
Overall PLAB gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PLAB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PLAB is one of the better performing stocks in the market, outperforming 94% of all stocks.
- PLAB is part of the Semiconductors & Semiconductor Equipment industry. There are 114 other stocks in this industry. PLAB outperforms 75% of them.
- PLAB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLAB is lagging the market slightly.
- PLAB has an average volume of 1260380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PLAB has a been trading in the 32.50 - 45.40 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.
PLAB has an excellent technical rating, but the quality of the setup is only medium 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
19.49
6 important support areas can be observed.
- A support zone ranging from 38.02 to 38.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.62 from a trend line in the daily time frame.
- A support zone ranging from 33.92 to 34.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.50 from a trend line in the weekly 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.
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 | 94.78 | POSITIVE | PLAB has a high relative strength, it outperformed 94.78% 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) | 54.65 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PLAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.79 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for PLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 25.61 | POSITIVE | The high ADX value value for PLAB suggests a strong trend. |
38.66
-4.91 (-11.27%)
PHOTRONICS INC / PLAB FAQ
What is the technical rating for PLAB stock?
ChartMill assigns a technical rating of 10 / 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 54.6476. 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 38.48. Check the full technical report for our detailed analysis of PLAB support and resistance levels.