Plethora Solutions Holdings Plc (PLE.L) Stock Technical Analysis
Europe - London Exchange - LON:PLE -
We assign a technical rating of 1 out of 10 to PLE. PLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 93% of all other stocks performed better in the past year than PLE.
- PLE 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.
- PLE has an average volume of 1936370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PLE has a been trading in the 2.25 - 4.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PLE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.37, a Stop Loss order could be placed below this zone.
More info and screens
3.15
We found 2 important support areas.
- A support zone ranging from 3.28 to 3.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.18 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @3.40 from a trend line in the daily time frame.
- Resistance @3.63 from a horizontal line in the weekly time frame.
- Resistance @3.75 from a horizontal line in the daily time frame.
- Resistance @4.10 from a trend line in the weekly time frame.
- Resistance @4.35 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 | DOWN | NEGATIVE | The long term trend for PLE.L is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLE.L is neutral. |
| ChartMill Relative Strength | 7.25 | NEGATIVE | PLE.L has a low relative strength, it was outperformed by 92.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLE.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PLE.L is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLE.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.99 | NEUTRAL | The RSI value for PLE.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PLE.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.43 | NEUTRAL | The Stochastics value for PLE.L is a neutral value. |
| Average True Range in percent/ATR (20) | 27.18 | HIGH VOLATILITY | The high ATR as a percentage value for PLE.L suggests high volalility. |
3.375
0 (0%)
Plethora Solutions Holdings Plc / PLE.L FAQ
What is the ChartMill technical rating of Plethora Solutions Holdings Plc (PLE.L) stock?
ChartMill assigns a technical rating of 1 / 10 to PLE.L.
What is the current trend direction of Plethora Solutions Holdings Plc (PLE.L) stock?
The current trend direction for Plethora Solutions Holdings Plc (PLE.L) is Bearish.
What is the RSI signal for PLE stock?
Plethora Solutions Holdings Plc (PLE.L) has an RSI value of 52.9931. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Plethora Solutions Holdings Plc?
The short term momentum for Plethora Solutions Holdings Plc (PLE.L) is neutral.
Can you provide the support and resistance levels for Plethora Solutions Holdings Plc?
Plethora Solutions Holdings Plc (PLE.L) has a support level at 3.37 and a resistance level at 3.4. Check the full technical report for our detailed analysis of PLE.L support and resistance levels.