PLATINUM GROUP METALS LTD (PLG) Stock Technical Analysis
NYSEARCA:PLG - NYSE Arca - CA72765Q8829 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to PLG. In the past year, PLG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
PLG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
When comparing the performance of all stocks over the past year, PLG turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
PLG is part of the Metals & Mining industry. There are 153 other stocks in this industry, PLG did better than 44% of them.
In the last month PLG has a been trading in the 1.15 - 1.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PLG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for PLG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.07
1.39
We found 4 important support areas.
- A support zone ranging from 1.25 to 1.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.21 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.17 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.08 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @1.31 from a horizontal line in the daily time frame.
- Resistance @1.35 from a horizontal line in the daily time frame.
- Resistance @1.38 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.78
Mansfield-1.42
10 Day High1.26
10 Day Low1.17
20 Day High1.38
20 Day Low1.15
52 Week High2.27
52 Week Low0.99
Performance
1 Week5.88%
2 Weeks5%
1 Month8.62%
3 Month-0.79%
6 Month-24.55%
12 Month-8.7%
2 Year-10%
3 Year-28.41%
5 Year-16%
10 Year-97.07%
15 Year-99.41%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)54.87
LBB1.16
UBB1.26
1.26
+0.05 (+4.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.13%
1 Week5.88%
2 Weeks5%
1 Month8.62%
3 Month-0.79%
6 Month-24.55%
12 Month-8.7%
2 Year-10%
3 Year-28.41%
5 Year-16%
10 Year-97.07%
15 Year-99.41%
Volatility
ATR(14)0.05
ATR(20)%5.23%
ATR Inc4.65%
Range Today0.07
ADR(20)0.07
ADR(20)%5.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.78
Mansfield-1.42
10 Day High1.26
10 Day Low1.17
20 Day High1.38
20 Day Low1.15
52 Week High2.27
52 Week Low0.99
CS1 End1.25
CR1 Start1.31
Volume & EV
DER(3)3.94%
DER(5)-1.22%
Volume711.03K
Volume Incr-29.34%
Vol(5)504.41K
Vol(50)603.30K