Taking everything into account, PLIN scores 1 out of 10 in our technical rating. PLIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 75% of all other stocks performed better in the past year than PLIN.
- 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 an average performer in the Food Products industry, it outperforms 45% of 87 stocks in the same industry.
- 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. Prices have been consolidating lately and the volatility has been reduced. 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
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5 important support areas can be observed.
- 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.
We can see 4 important resistance 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. |
NASDAQ:PLIN (2/14/2022, 8:00:00 PM)
1.15
+0.03 (+2.68%)
CHINA XIANGTAI FOOD CO LTD / PLIN FAQ
What is the ChartMill technical rating of CHINA XIANGTAI FOOD CO LTD (PLIN) stock?
ChartMill assigns a technical rating of 1 / 10 to PLIN.
What is the current trend direction of CHINA XIANGTAI FOOD CO LTD (PLIN) stock?
The current trend direction for CHINA XIANGTAI FOOD CO LTD (PLIN) is Bearish.
What is the RSI signal for PLIN stock?
CHINA XIANGTAI FOOD CO LTD (PLIN) has an RSI value of 45.1117. This indicates that the stock is currently neutral.
What is the short term momentum for CHINA XIANGTAI FOOD CO LTD (PLIN) stock?
The short term momentum for CHINA XIANGTAI FOOD CO LTD (PLIN) is negative.
What is the support and resistance level for PLIN stock?
CHINA XIANGTAI FOOD CO LTD (PLIN) has a support level at 1.07 and a resistance level at 1.18. Check the full technical report for our detailed analysis of PLIN support and resistance levels.