DOUGLAS DYNAMICS INC (PLOW) Stock Technical Analysis
NYSE:PLOW - New York Stock Exchange, Inc. - US25960R1059 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PLOW. 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.
Both the short term and long term trends are positive. This is a very positive sign.
PLOW is part of the Machinery industry. There are 128 other stocks in this industry. PLOW outperforms 84% of them.
PLOW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLOW is lagging the market slightly.
PLOW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, PLOW did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although PLOW has an excellent technical rating, the quality of the presented setup is not ideal 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
31.66
3 important support areas can be observed.
- A support zone ranging from 29.66 to 29.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.97 to 26.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.35 to 31.35. 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 PLOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLOW is up. |
| ChartMill Relative Strength | 87.71 | POSITIVE | PLOW has a high relative strength, it outperformed 87.71% 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) | 59.64 | NEUTRAL | The RSI value for PLOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PLOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.86 | NEUTRAL | The Stochastics value for PLOW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for PLOW suggests some volalility. |
| Average Directional Index/ADX (14) | 41.6 | POSITIVE | The high ADX value value for PLOW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
30.37
-0.4 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.3%
1 Week-3.13%
2 Weeks3.69%
1 Month5.71%
3 Month34.92%
6 Month30.12%
12 Month34.14%
2 Year-2.19%
3 Year-4.68%
5 Year-14.09%
10 Year48%
15 Year156.29%
Volatility
ATR(14)0.69
ATR(20)%2.24%
ATR Inc-31.85%
Range Today0.48
ADR(20)0.64
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.71
Mansfield0.78
10 Day High31.98
10 Day Low28.6
20 Day High31.98
20 Day Low27.98
52 Week High31.98
52 Week Low21.3
CS1 End29.93
CR1 Start31.35
Volume & EV
DER(3)0.34%
DER(5)-0.98%
Volume222.60K
Volume Incr-1.63%
Vol(5)210.94K
Vol(50)223.76K