DOUGLAS DYNAMICS INC (PLOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PLOW - US25960R1059 - Common Stock
Taking everything into account, PLOW scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLOW is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PLOW did better than 88% of all other stocks. We also observe that the gains produced by PLOW over the past year are nicely spread over this period.
- PLOW is one of the better performing stocks in the Machinery industry, it outperforms 84% of 132 stocks in the same industry.
- A new 52 week high is currently being made by PLOW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PLOW has a been trading in the 32.30 - 37.80 range, which is quite wide. It is currently trading near the high of this range.
Although PLOW has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.68
6 important support areas can be observed.
- A support zone ranging from 33.93 to 34.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.51 to 33.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.29 from a trend line in the daily time frame.
- Support @29.75 from a horizontal line in the daily time frame.
- Support @23.24 from a trend line in the weekly time frame.
- Support @21.90 from a horizontal line in the weekly time frame.
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 PLOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLOW is up. |
| ChartMill Relative Strength | 88.01 | POSITIVE | PLOW has a high relative strength, it outperformed 88.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLOW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.69 | OVERBOUGHT | The high RSI value suggests PLOW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PLOW has a positive trend. |
| Stochastics (14,3) | 90.83 | OVERBOUGHT | The high Stochastics value suggests PLOW may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for PLOW suggests low volalility. |
| Average Directional Index/ADX (14) | 37.03 | POSITIVE | The high ADX value value for PLOW suggests a strong trend. |
37.6
+0.65 (+1.76%)
DOUGLAS DYNAMICS INC / PLOW FAQ
Can you provide the ChartMill technical rating for DOUGLAS DYNAMICS INC?
ChartMill assigns a technical rating of 10 / 10 to PLOW.
Can you provide the trend direction for DOUGLAS DYNAMICS INC?
The current trend direction for DOUGLAS DYNAMICS INC (PLOW) is Bullish.
What is the RSI signal for PLOW stock?
DOUGLAS DYNAMICS INC (PLOW) has an RSI value of 73.6854. This indicates that the stock is currently overbought.
Can you provide the MACD signal for DOUGLAS DYNAMICS INC?
The MACD indicator for DOUGLAS DYNAMICS INC (PLOW) has a value of 0.14881, indicating a bearish trend.
Can you provide the buy/sell signal for DOUGLAS DYNAMICS INC?
The buy/sell signal for DOUGLAS DYNAMICS INC (PLOW) is buy as both the short term and long term trends are positive.