POLYMET MINING CORP (PLM)       2.99  +0.11 (+3.82%)

2.99  +0.11 (+3.82%)

CA7319164090 - Common Stock

Technical Rating

Overall PLM gets a technical rating of 1 out of 10. PLM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



PLM is part of the Metals & Mining industry. There are 994 other stocks in this industry. PLM outperforms 84% of them.
When comparing the yearly performance of all stocks, we notice that PLM is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month PLM has a been trading in the 2.52 - 3.36 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
PLM is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so PLM is not an exception.

Statistics

1 Month 3 Months 6 Months 12 Months -11.93% 8.68% -2.37% -5.57% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 85.3 2.41 - 4.79
PLM Weekly chart
PLM Daily chart

Support/Resistance Analysis


2.43

3.92
When analyzing the support we can see 4 important areas.
  • Support @2.94 from a horizontal line in the daily time frame.
  • Support @2.64 from a trend line in the daily time frame.
  • Support @2.50 from a horizontal line in the daily time frame.
  • A support zone ranging from 2.45 to 2.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 3.82 to 3.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.

Setup Analysis

Setup Rating

Although the technical rating is bad, PLM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.64, a Stop Loss order could be placed below this zone.


PLM Daily chart

POLYMET MINING CORP2.99

NYSEARCA:PLM (5/26/2022, 1:28:10 PM)+0.11 (+3.82%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today 3.82% 1 Week 1.05%
2 Weeks 9.51% 1 Month -11.93%
3 Month 8.68% 6 Month -2.37%
Volatility
ATR(14) 0.18 ATR(20)% 6.38%
ATR Inc -22.03% Range Today 0.16
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 85.3 Mansfield 0.18
10 Day High 2.98 10 Day Low 2.53
20 Day High 3.36 20 Day Low 2.53
52 Week High 4.79 52 Week Low 2.41
CS1 End 2.64 CR1 Start 2.94
Volume & EV
DER(3) 1.35% DER(5) 1.83%
Volume 55.69K Volume Incr -59.96%
Vol(5) 52.18K Vol(50) 290.30K

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