PLUM ACQUISITION CORP IV (PLMK) Stock Technical Analysis
NASDAQ:PLMK - KYG7134A1040 - Common Stock
We assign a technical rating of 5 out of 10 to PLMK. Although PLMK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PLMK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.28, a Stop Loss order could be placed below this zone.
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When analyzing the support we notice one important area.
- A support zone ranging from 10.10 to 10.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.28 to 10.35. This zone is formed by a combination of multiple trend lines and important moving averages 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 PLMK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLMK is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PLMK has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLMK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLMK is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 50.21 | NEUTRAL | The RSI value for PLMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PLMK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for PLMK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for PLMK suggests low volalility. |
| Average Directional Index/ADX (14) | 19.89 | NEGATIVE | The low ADX value for PLMK suggests a weak or negative trend. |
NASDAQ:PLMK (8/29/2025, 8:00:01 PM)
10.28
-0.01 (-0.1%)