CHINA XIANGTAI FOOD CO LTD (PLIN) Stock Technical Analysis
NASDAQ:PLIN - Nasdaq - Common Stock
Overall PLIN gets a technical rating of 1 out of 10. PLIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PLIN is a bad performer in the overall market: 75% of all stocks are doing better.
PLIN 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.
PLIN is part of the Food Products industry. There are 91 other stocks in this industry, PLIN did better than 52% of them.
In the last month PLIN has a been trading in the 0.98 - 1.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PLIN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PLIN 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
0.74
1.57
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.07 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.04 from a horizontal line in the daily time frame.
- Support @0.98 from a horizontal line in the weekly time frame.
- Support @0.84 from a trend line in the weekly time frame.
- Support @0.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.18 from a trend line in the daily time frame.
- Resistance @1.21 from a horizontal line in the weekly time frame.
- Resistance @1.24 from a horizontal line in the daily time frame.
- Resistance @1.55 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for PLIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLIN is down. |
| ChartMill Relative Strength | 25.18 | NEGATIVE | PLIN has a low relative strength, it was outperformed by 74.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PLIN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.11 | NEUTRAL | The RSI value for PLIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PLIN has a positive trend. |
| Stochastics (14,3) | 51.19 | NEUTRAL | The Stochastics value for PLIN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for PLIN suggests high volalility. |
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)
NASDAQ:PLIN (2/14/2022, 8:00:00 PM)
1.15
+0.03 (+2.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg2.68%
1 Week-6.5%
2 Weeks-2.54%
1 Month1.77%
3 Month-16.06%
6 Month-10.85%
12 Month-16.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.11%
ATR Inc-11.16%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.18
Mansfield-0.79
10 Day High1.26
10 Day Low1.09
20 Day High1.26
20 Day Low0.98
52 Week High3.12
52 Week Low0.74
CS1 End1.07
CR1 Start1.18
Volume & EV
DER(3)2.65%
DER(5)3.08%
Volume294.20K
Volume Incr13.38%
Vol(5)271.50K
Vol(50)447.61K