POLYMET MINING CORP (PLM) Stock Technical Analysis
NYSEARCA:PLM - NYSE Arca - CA7319164090 - Common Stock - Currency: USD
Taking everything into account, PLM scores 6 out of 10 in our technical rating. Although PLM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
75% of all other stocks performed better in the past year than PLM.
PLM is one of the lesser performing stocks in the Metals & Mining industry. 71% of 156 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
PLM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLM is lagging the market.
In the last month PLM has a been trading in a tight range between 2.09 and 2.11.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, PLM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.10, a Stop Loss order could be placed below this zone.
More info and screens
2.03
2.14
We found 1 important support area.
- A support zone ranging from 2.05 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PLM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLM is up. |
| ChartMill Relative Strength | 25.13 | NEGATIVE | PLM has a low relative strength, it was outperformed by 74.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PLM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for PLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PLM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for PLM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for PLM suggests low volalility. |
| Average Directional Index/ADX (14) | 38.32 | POSITIVE | The high ADX value value for PLM suggests a strong 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 |
|---|---|---|---|
| 2.12 | 2.08 | 0.04 (1.89%) | 25.00% |
| An entry @2.12. This is a Buy Stop order right above the 10 day high. | An exit @2.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 1.89%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
2.1
-0.01 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.47%
1 Week0%
2 Weeks0.48%
1 Month0.48%
3 Month0.48%
6 Month32.08%
12 Month-31.82%
2 Year-30.23%
3 Year-41.34%
5 Year-74.07%
10 Year-80.19%
15 Year-70.83%
Volatility
ATR(14)0.01
ATR(20)%0.48%
ATR Inc0%
Range Today0.01
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
CRS25.13
Mansfield-0.6
10 Day High2.11
10 Day Low2.09
20 Day High2.11
20 Day Low2.09
52 Week High3.22
52 Week Low0.75
CS1 End2.1
CR1 Start2.12
Volume & EV
DER(3)-0.72%
DER(5)-1.08%
Volume486.70K
Volume Incr59.03%
Vol(5)235.92K
Vol(50)152.93K