PLAG Technical Analysis - PLANET GREEN HOLDINGS CORP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to PLAG. Although PLAG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

PLAG is part of the Food Products industry. There are 87 other stocks in this industry. PLAG outperforms 79% of them.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the performance of all stocks over the past year, PLAG turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.

PLAG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLAG is lagging the market.

In the last month PLAG has a been trading in the 1.70 - 2.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PLANET GREEN HOLDINGS CORP / PLAG Weekly stock chart

PLANET GREEN HOLDINGS CORP / PLAG Daily stock chart

Setup Rating and Analysis

Although PLAG has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.80

2.64

We found 2 important support areas.

A support zone ranging from 1.92 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.82 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 2.51 to 2.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.61 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 PLAG is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PLAG is up.
ChartMill Relative Strength	69.61	NEUTRAL	PLAG is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PLAG is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PLAG is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of PLAG is above a declining SMA(200).
Relative Strength Index/RSI (14)	68.47	NEUTRAL	The RSI value for PLAG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests PLAG has a positive trend.
Stochastics (14,3)	52.95	NEUTRAL	The Stochastics value for PLAG is a neutral value.
Average True Range in percent/ATR (20)	8.8	HIGH VOLATILITY	The high ATR as a percentage value for PLAG suggests high volalility.
Average Directional Index/ADX (14)	40.43	POSITIVE	The high ADX value value for PLAG suggests a strong trend.