Polypipe Group Plc (PLP.L) Stock Technical Analysis
LON:PLP - London Exchange - GB00BKRC5K31
Overall PLP gets a technical rating of 5 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PLP is a bad performer.
When comparing the yearly performance of all stocks, PLP is a bad performer in the overall market: 67% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
PLP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PLP is performing more or less in line with the market.
In the last month PLP has a been trading in the 517.00 - 594.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PLP has an average technical rating and it also 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
395.51
614.59
3 important support areas can be observed.
- A support zone ranging from 518.48 to 554.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @430.23 from a trend line in the weekly time frame.
- Support @399.50 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 599.01 to 608.50. 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 PLP.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLP.L is up. |
| ChartMill Relative Strength | 33.1 | NEUTRAL | PLP.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PLP.L is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLP.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLP.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.95 | NEUTRAL | The RSI value for PLP.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.91 | POSITIVE | The MACD value suggests PLP.L has a positive trend. |
| Stochastics (14,3) | 85.64 | OVERBOUGHT | The high Stochastics value suggests PLP.L may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for PLP.L suggests some volalility. |
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)
LON:PLP (4/7/2021, 5:19:29 PM)
574
+8 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.41%
1 Week6.3%
2 Weeks7.49%
1 Month-0.69%
3 Month-1.71%
6 Month25.05%
12 Month22.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.57
ATR(20)%2.42%
ATR Inc-34.8%
Range Today8
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.1
Mansfield0.09
10 Day High576
10 Day Low517
20 Day High594
20 Day Low517
52 Week High611
52 Week Low373
CS1 End554.2
CR1 Start599.01
Volume & EV
DER(3)0.8%
DER(5)6.98%
Volume2.01K
Volume Incr-43.58%
Vol(5)43.30K
Vol(50)92.05K