POLYMET MINING CORP (PLM) Stock Technical Analysis
USA - NYSEARCA:PLM - CA7319164090 - Common Stock
We assign a technical rating of 6 out of 10 to PLM. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PLM is a bad performer.
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.
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2.03
When analyzing the support we notice one important 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. |
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 worst case loss on the trade is limited to 0.04 points, which is 1.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- 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%)
POLYMET MINING CORP / PLM FAQ
What is the technical rating for PLM stock?
ChartMill assigns a technical rating of 6 / 10 to PLM.
What is the current trend direction of POLYMET MINING CORP (PLM) stock?
The current trend direction for POLYMET MINING CORP (PLM) is Bullish.
What is the RSI signal for PLM stock?
POLYMET MINING CORP (PLM) has an RSI value of 53.9265. This indicates that the stock is currently neutral.
Can you provide the MACD signal for POLYMET MINING CORP?
The MACD indicator for POLYMET MINING CORP (PLM) has a value of 0.0000938188, indicating a bearish trend.
Can you provide the support and resistance levels for POLYMET MINING CORP?
POLYMET MINING CORP (PLM) has a support level at 2.1 and a resistance level at 2.12. Check the full technical report for our detailed analysis of PLM support and resistance levels.