POLYMET MINING CORP (PLM) Technical Analysis
NYSEARCA:PLM • CA7319164090
Current stock price
PLM Technical Rating and Analysis
Overall PLM gets a technical rating of 6 out of 10. Although PLM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, PLM is a bad performer in the overall market: 75% of all stocks are doing better.
- PLM is one of the lesser performing stocks in the Metals & Mining industry. 75% of 159 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 trading in the upper part of its 52 week range, so PLM is lagging the market slightly.
- 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.
PLM Weekly and Daily overview Charts
PLM Setup Rating and Analysis
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
PLM Support and Resistance Analysis
2.03
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.
PLM Technical Indicator Signal Analysis
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. |
PLM Chart- and CandleStick Pattern Analysis
PLM Example Setup
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.
PLM Technicals: Chart, Performance Metrics, Trend & Indicators
2.1
-0.01 (-0.47%)
POLYMET MINING CORP / PLM TA FAQ
What is the technical rating for PLM stock?
ChartMill assigns a technical rating of 6 / 10 to PLM.
What is the trend direction for 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.
What is the short term momentum for PLM stock?
The short term momentum for POLYMET MINING CORP (PLM) is positive.
What is the support and resistance level for PLM stock?
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.