PLANET GREEN HOLDINGS CORP (PLAG) Technical Analysis
NYSEARCA:PLAG • US72703U2015
Current stock price
PLAG Technical Rating and Analysis
Overall PLAG gets a technical rating of 0 out of 10. PLAG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 72% of all other stocks performed better in the past year than PLAG.
- In the last month PLAG has a been trading in the 1.29 - 3.16 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- PLAG is an average performer in the Food Products industry, it outperforms 58% of 87 stocks in the same industry.
- PLAG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLAG is lagging the market slightly.
PLAG Weekly and Daily overview Charts
PLAG Setup Rating and Analysis
PLAG has a poor technical rating and the quality of the setup is also 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
PLAG Support and Resistance Analysis
1.66
When analyzing the support we notice one important area.
- A support zone ranging from 1.68 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.41 to 2.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PLAG 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 | NEUTRAL | NEUTRAL | The long term trend for PLAG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLAG is down. |
| ChartMill Relative Strength | 28.09 | NEGATIVE | PLAG has a low relative strength, it was outperformed by 71.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLAG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLAG is below a declining 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) | 41.08 | NEUTRAL | The RSI value for PLAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests PLAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.51 | OVERSOLD | The low Stochastics value suggests PLAG may be oversold. |
| Average True Range in percent/ATR (20) | 28.6 | HIGH VOLATILITY | The high ATR as a percentage value for PLAG suggests high volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for PLAG suggests a weak or negative trend. |
PLAG Chart- and CandleStick Pattern Analysis
PLAG Technicals: Chart, Performance Metrics, Trend & Indicators
1.69
+0.13 (+8.33%)
PLANET GREEN HOLDINGS CORP / PLAG TA FAQ
What is the technical rating for PLAG stock?
ChartMill assigns a technical rating of 0 / 10 to PLAG.
What is the current trend direction of PLANET GREEN HOLDINGS CORP (PLAG) stock?
The current trend direction for PLANET GREEN HOLDINGS CORP (PLAG) is Bearish.
What is the RSI signal for PLAG stock?
PLANET GREEN HOLDINGS CORP (PLAG) has an RSI value of 41.0762. This indicates that the stock is currently neutral.
What is the support and resistance level for PLAG stock?
PLANET GREEN HOLDINGS CORP (PLAG) has a support level at 1.68 and a resistance level at 2.41. Check the full technical report for our detailed analysis of PLAG support and resistance levels.