PLATINUM GROUP METALS LTD (PLG) Technical Analysis
NYSEARCA:PLG • CA72765Q8829
Current stock price
PLG Technical Rating and Analysis
Overall PLG gets a technical rating of 2 out of 10. Although PLG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- PLG is one of the lesser performing stocks in the Metals & Mining industry. 67% of 157 stocks in the same industry do better.
- In the last month PLG has a been trading in the 1.86 - 2.78 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.
- PLG has an average volume of 4136070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PLG is one of the better performing stocks in the market, outperforming 72% of all stocks. However, we also see that PLG couldn't keep up this performance in the last couple of months.
- PLG 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 PLG is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
PLG Weekly and Daily overview Charts
PLG Setup Rating and Analysis
The technical rating of PLG is bad and it also does not present a 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
PLG Support and Resistance Analysis
1.90
When analyzing the support we notice one important area.
- A support zone ranging from 1.92 to 1.92. 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 2.35 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PLG 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 | DOWN | NEGATIVE | The long term trend for PLG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLG is down. |
| ChartMill Relative Strength | 72.46 | POSITIVE | PLG has a high relative strength, it outperformed 72.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PLG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.68 | NEUTRAL | The RSI value for PLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PLG has a negative trend. |
| Stochastics (14,3) | 7.15 | OVERSOLD | The low Stochastics value suggests PLG may be oversold. |
| Average True Range in percent/ATR (20) | 9.3 | HIGH VOLATILITY | The high ATR as a percentage value for PLG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for PLG suggests a possible start of a new trend. |
PLG Chart- and CandleStick Pattern Analysis
PLG Technicals: Chart, Performance Metrics, Trend & Indicators
1.93
-0.02 (-1.03%)
PLATINUM GROUP METALS LTD / PLG TA FAQ
Can you provide the ChartMill technical rating for PLATINUM GROUP METALS LTD?
ChartMill assigns a technical rating of 2 / 10 to PLG.
Can you provide the trend direction for PLATINUM GROUP METALS LTD?
The current trend direction for PLATINUM GROUP METALS LTD (PLG) is Bearish.
Can you provide the RSI signal for PLATINUM GROUP METALS LTD?
PLATINUM GROUP METALS LTD (PLG) has an RSI value of 32.6768. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PLATINUM GROUP METALS LTD?
The buy/sell signal for PLATINUM GROUP METALS LTD (PLG) is sell as both the short term and long term trends are negative.
What is the support and resistance level for PLG stock?
PLATINUM GROUP METALS LTD (PLG) has a support level at 1.92 and a resistance level at 2.35. Check the full technical report for our detailed analysis of PLG support and resistance levels.