PLN Technical Analysis - PLANETEL SPA

Technical Rating and Analysis

Overall PLN gets a technical rating of 1 out of 10. PLN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

100% of all other stocks performed better in the past year than PLN.

PLN is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry, of which 86% are performing better than PLN.

Warning: PLN has an average volume of 3560 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

In the last month PLN has a been trading in the 3.70 - 4.48 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, PLN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.98

4.51

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 4.08 to 4.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 4.45 to 4.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 PLN.MI is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PLN.MI is down.
ChartMill Relative Strength	0	NEGATIVE	PLN.MI 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 PLN.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PLN.MI is below a declining SMA(50).
Relative Strength Index/RSI (14)	44.16	NEUTRAL	The RSI value for PLN.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests PLN.MI has a negative trend.
Stochastics (14,3)	45.3	NEUTRAL	The Stochastics value for PLN.MI is a neutral value.
Average True Range in percent/ATR (20)	5.77	HIGH VOLATILITY	The high ATR as a percentage value for PLN.MI suggests high volalility.
Average Directional Index/ADX (14)	31.36	POSITIVE	The high ADX value value for PLN.MI suggests a strong trend.