PHOTRONICS INC (PLAB) Stock Technical Analysis
NASDAQ:PLAB - Nasdaq - US7194051022 - Common Stock - Currency: USD
Taking everything into account, PLAB scores 4 out of 10 in our technical rating. In the past year, PLAB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, PLAB is a bad performer in the overall market: 70% of all stocks are doing better.
PLAB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PLAB is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 40% of 110 stocks in the same industry.
In the last month PLAB has a been trading in the 18.61 - 21.85 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 only medium, PLAB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 19.49, a Stop Loss order could be placed below this zone.
More info and screens
16.75
26.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.16 to 19.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.92 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 20.26 to 20.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.01 to 21.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.39 to 21.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.82 from a trend 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 | 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 | 30.48 | NEUTRAL | PLAB is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of PLAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.8 | NEUTRAL | The RSI value for PLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PLAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.2 | NEUTRAL | The Stochastics value for PLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for PLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.16 | 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)
20.21
+0.43 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.17%
1 Week2.12%
2 Weeks2.48%
1 Month3.69%
3 Month3.91%
6 Month-10.26%
12 Month-6.56%
2 Year-14.94%
3 Year20.3%
5 Year101.5%
10 Year121.84%
15 Year368.91%
Volatility
ATR(14)0.68
ATR(20)%3.29%
ATR Inc-1.57%
Range Today0.78
ADR(20)0.61
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.48
Mansfield-1.52
10 Day High21.85
10 Day Low19.45
20 Day High21.85
20 Day Low18.61
52 Week High31.6
52 Week Low16.46
CS1 End19.49
CR1 Start20.26
Volume & EV
DER(3)1.88%
DER(5)1.57%
Volume414.20K
Volume Incr-24.85%
Vol(5)420.88K
Vol(50)640.47K