PLANET GREEN HOLDINGS CORP (PLAG) Stock Technical Analysis
NYSEARCA:PLAG - NYSE Arca - US72703U2015 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PLAG. PLAG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PLAG is part of the Food Products industry. There are 89 other stocks in this industry. PLAG outperforms 87% of them.
In the last month PLAG has a been trading in the 1.04 - 3.15 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that PLAG is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PLAG 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
2.65
2.74
We found 1 important resistance area.
- A resistance zone ranging from 2.69 to 2.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for PLAG is up. |
| ChartMill Relative Strength | 89.66 | POSITIVE | PLAG has a high relative strength, it outperformed 89.66% 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 | POSITIVE | The current price of PLAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.7 | OVERBOUGHT | The high RSI value suggests PLAG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PLAG has a positive trend. |
| Stochastics (14,3) | 71.59 | NEUTRAL | The Stochastics value for PLAG is a neutral value. |
| Average True Range in percent/ATR (20) | 14.91 | HIGH VOLATILITY | The high ATR as a percentage value for PLAG suggests high volalility. |
| Average Directional Index/ADX (14) | 52.35 | 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)
2.68
-0.01 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.37%
1 Week32.67%
2 Weeks98.52%
1 Month127.12%
3 Month27.62%
6 Month6.77%
12 Month26.42%
2 Year-46.93%
3 Year-66.08%
5 Year-89.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%14.91%
ATR Inc10.84%
Range Today0.44
ADR(20)0.39
ADR(20)%14.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.66
Mansfield3.08
10 Day High2.99
10 Day Low1.29
20 Day High3.15
20 Day Low1.04
52 Week High5.52
52 Week Low0.85
CS1 EndN/A
CR1 Start2.69
Volume & EV
DER(3)1.5%
DER(5)1.65%
Volume267.25K
Volume Incr-22.05%
Vol(5)308.07K
Vol(50)251.61K