PLANET GREEN HOLDINGS CORP (PLAG) Stock Technical Analysis
NYSEARCA:PLAG - NYSE Arca - US72703U2015 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to PLAG. Recently some decent action could be observed, but in the medium term time frame this is still negative. PLAG was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than PLAG.
PLAG is part of the Food Products industry. There are 91 other stocks in this industry, of which 62% are performing better than PLAG.
PLAG 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month PLAG has a been trading in the 0.75 - 1.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of PLAG is bad and it also does not present a 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
0.85
2.36
When analyzing the support we notice one important area.
- Support @0.86 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @1.46 from a horizontal line in the daily time frame.
- Resistance @2.21 from a trend line in the weekly time frame.
- Resistance @2.34 from a trend 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 PLAG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLAG is neutral. |
| ChartMill Relative Strength | 10.97 | NEGATIVE | PLAG has a low relative strength, it was outperformed by 89.03% off all stocks 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 | MIXED | The current price of PLAG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLAG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.64 | NEUTRAL | The RSI value for PLAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PLAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.22 | NEUTRAL | The Stochastics value for PLAG is a neutral value. |
| Average True Range in percent/ATR (20) | 11.54 | HIGH VOLATILITY | The high ATR as a percentage value for PLAG suggests high volalility. |
| Average Directional Index/ADX (14) | 29.44 | POSITIVE | The high ADX value value for PLAG suggests a strong 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)
1.28
-0.06 (-4.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-4.48%
1 Week15.32%
2 Weeks55.15%
1 Month54.96%
3 Month-18.47%
6 Month-45.9%
12 Month-15.79%
2 Year-74.53%
3 Year-86.8%
5 Year-94.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%11.54%
ATR Inc0.99%
Range Today0.13
ADR(20)0.15
ADR(20)%11.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.97
Mansfield-3.85
10 Day High1.7
10 Day Low0.82
20 Day High1.7
20 Day Low0.75
52 Week High5.52
52 Week Low0.47
CS1 End0.86
CR1 Start1.46
Volume & EV
DER(3)0.2%
DER(5)-3.38%
Volume228.00K
Volume Incr-76.24%
Vol(5)184.25K
Vol(50)521.10K