PLPC Technical Analysis - PREFORMED LINE PRODUCTS CO

Technical Rating and Analysis

Taking everything into account, PLPC 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, PLPC is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that PLPC is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, PLPC also shows a nice and consistent pattern of rising prices.

PLPC is one of the better performing stocks in the Electrical Equipment industry, it outperforms 74% of 92 stocks in the same industry.

PLPC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month PLPC has a been trading in the 178.07 - 207.02 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PREFORMED LINE PRODUCTS CO / PLPC Weekly stock chart

PREFORMED LINE PRODUCTS CO / PLPC Daily stock chart

Setup Rating and Analysis

Although PLPC 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

115.06

208.09

When analyzing the support we can see 5 important areas.

A support zone ranging from 191.06 to 196.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @187.91 from a horizontal line in the daily time frame.
A support zone ranging from 147.93 to 149.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @127.69 from a trend line in the weekly time frame.
Support @116.22 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 PLPC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PLPC is up.
ChartMill Relative Strength	91.25	POSITIVE	PLPC has a high relative strength, it outperformed 91.25% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PLPC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PLPC is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PLPC is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.27	OVERBOUGHT	The high RSI value suggests PLPC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PLPC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	80.01	OVERBOUGHT	The high Stochastics value suggests PLPC may be overbought.
Average True Range in percent/ATR (20)	2.89	MEDIUM VOLATILITY	The ATR as a percentage value for PLPC suggests some volalility.
Average Directional Index/ADX (14)	47.52	POSITIVE	The high ADX value value for PLPC suggests a strong trend.