Principal U.S. Large-Cap Multi-Factor Core Index (PLC) Stock Technical Analysis
USA - NASDAQ:PLC -
Taking everything into account, PLC scores 7 out of 10 in our technical rating. Although PLC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although PLC 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.
More info and screens
26.22
We found 3 important support areas.
- A support zone ranging from 28.01 to 28.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.35 from a trend line in the daily time frame.
- A support zone ranging from 26.48 to 26.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.14 to 30.43. 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 | UP | POSITIVE | The long term trend for PLC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PLC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLC is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 64.46 | NEUTRAL | The RSI value for PLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PLC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.02 | OVERBOUGHT | The high Stochastics value suggests PLC may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for PLC suggests low volalility. |
Principal U.S. Large-Cap Multi-Factor Core Index
NASDAQ:PLC (12/11/2020, 8:08:59 PM)
30.13
-0.09 (-0.3%)
Principal U.S. Large-Cap Multi-Factor Core Index / PLC FAQ
What is the technical rating for PLC stock?
ChartMill assigns a technical rating of 7 / 10 to PLC.
What is the current trend direction of Principal U.S. Large-Cap Multi-Factor Core Index (PLC) stock?
The current trend direction for Principal U.S. Large-Cap Multi-Factor Core Index (PLC) is Bullish.
What is the RSI signal for Principal U.S. Large-Cap Multi-Factor Core Index (PLC) stock?
Principal U.S. Large-Cap Multi-Factor Core Index (PLC) has an RSI value of 64.4576. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Principal U.S. Large-Cap Multi-Factor Core Index?
The MACD indicator for Principal U.S. Large-Cap Multi-Factor Core Index (PLC) has a value of 0.0883797, indicating a bearish trend.
Can you provide the support and resistance levels for Principal U.S. Large-Cap Multi-Factor Core Index?
Principal U.S. Large-Cap Multi-Factor Core Index (PLC) has a support level at 28.93 and a resistance level at 30.14. Check the full technical report for our detailed analysis of PLC support and resistance levels.