Taking everything into account, PLG scores 3 out of 10 in our technical rating. 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.
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
1.10
4 important support areas can be observed.
- A support zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.68 from a trend line in the daily time frame.
- Support @1.38 from a horizontal line in the daily time frame.
- Support @1.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.03 to 2.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.18 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for PLG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLG is down. |
| ChartMill Relative Strength | 81.77 | POSITIVE | PLG has a high relative strength, it outperformed 81.77% 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) | UP | MIXED | The current price of PLG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.51 | NEUTRAL | The RSI value for PLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PLG has a negative trend. |
| Stochastics (14,3) | 21.34 | NEUTRAL | The Stochastics value for PLG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.14 | HIGH VOLATILITY | The high ATR as a percentage value for PLG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for PLG suggests a weak or negative trend. |
1.84
-0.02 (-1.08%)
PLATINUM GROUP METALS LTD / PLG FAQ
Can you provide the ChartMill technical rating for PLATINUM GROUP METALS LTD?
ChartMill assigns a technical rating of 3 / 10 to PLG.
What is the current trend direction of PLATINUM GROUP METALS LTD (PLG) stock?
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 38.507. This indicates that the stock is currently neutral.
What is the MACD signal for PLATINUM GROUP METALS LTD (PLG) stock?
The MACD indicator for PLATINUM GROUP METALS LTD (PLG) has a value of -0.0167329, indicating a bearish trend.
Can you provide the short term momentum for PLATINUM GROUP METALS LTD?
The short term momentum for PLATINUM GROUP METALS LTD (PLG) is negative.