PLATINUM GROUP METALS LTD (PLG) Stock Technical Analysis
NYSEARCA:PLG - NYSE Arca - CA72765Q8829 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PLG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PLG is only an average performer.
PLG is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 64% are performing better than PLG.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
PLG has an average volume of 1168320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PLG outperforms 53% of them, which is more or less in line with the market.
PLG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLG is lagging the market.
In the last month PLG has a been trading in the 1.37 - 1.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
PLG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for PLG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.08
1.70
When analyzing the support we can see 6 important areas.
- Support @1.55 from a trend line in the weekly time frame.
- Support @1.46 from a trend line in the daily time frame.
- A support zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.22 from a trend line in the daily time frame.
- Support @1.18 from a trend line in the weekly time frame.
- Support @1.09 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @1.59 from a trend line in the daily time frame.
- A resistance zone ranging from 1.63 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.68 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 | UP | POSITIVE | The long term trend for PLG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLG is neutral. |
| ChartMill Relative Strength | 53.24 | NEUTRAL | PLG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PLG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLG is above 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) | 50.52 | 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) | 35.09 | NEUTRAL | The Stochastics value for PLG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for PLG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.38 | NEUTRAL | The ADX value for PLG suggests a possible start of a new trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.58 | 1.43 | 0.15 (9.49%) | 10.53% |
| An entry @1.58. This is a Buy Stop order right above the resistance zone. | An exit @1.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.15 points, which is 9.49%. | For a 1.00% total portfolio risk, you can invest 10.53% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PLG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:PLG (7/2/2025, 10:20:18 AM)
1.56
+0.06 (+4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4%
1 Week0.67%
2 Weeks-3.23%
1 Month3.45%
3 Month40.19%
6 Month12.78%
12 Month-19.79%
2 Year11.11%
3 Year-6.83%
5 Year-30.56%
10 Year-95%
15 Year-99.16%
Volatility
ATR(14)0.11
ATR(20)%7.27%
ATR Inc-17.81%
Range Today0.05
ADR(20)0.1
ADR(20)%6.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.24
Mansfield-0.12
10 Day High1.67
10 Day Low1.37
20 Day High1.75
20 Day Low1.37
52 Week High2.27
52 Week Low0.99
CS1 End1.44
CR1 Start1.55
Volume & EV
DER(3)1.07%
DER(5)3.27%
Volume248.77K
Volume Incr20.81%
Vol(5)1.74M
Vol(50)1.17M