Taking everything into account, PLAB scores 8 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.
Although PLAB has an excellent technical rating, it does not offer a high quality setup 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
When analyzing the support we can see 5 important areas.
- Support @31.77 from a horizontal line in the daily time frame.
- Support @22.28 from a trend line in the weekly time frame.
- Support @21.25 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 can see 2 important resistance areas.
- A resistance zone ranging from 34.13 to 34.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @35.21 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 | 91.94 | POSITIVE | PLAB has a high relative strength, it outperformed 91.94% 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 | 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) | 55.42 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests PLAB has a negative trend. |
| Stochastics (14,3) | 41.96 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for PLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 27.61 | POSITIVE | The high ADX value value for PLAB suggests a strong trend. |
33.33
+1.55 (+4.88%)
PHOTRONICS INC / PLAB FAQ
What is the technical rating for PLAB stock?
ChartMill assigns a technical rating of 8 / 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 55.4194. 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 31.77 and a resistance level at 34.13. Check the full technical report for our detailed analysis of PLAB support and resistance levels.