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.
Although PLPC has an excellent technical rating, it does not present a decent entry opportunity 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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153.49
When analyzing the support we can see 5 important areas.
- A support zone ranging from 209.61 to 213.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 205.10 to 205.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @187.92 from a horizontal line in the daily time frame.
- Support @166.10 from a trend line in the weekly time frame.
- Support @155.04 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 237.89 to 239.81. 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 PLPC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLPC is up. |
| ChartMill Relative Strength | 92.8 | POSITIVE | PLPC has a high relative strength, it outperformed 92.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PLPC is above a declining 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) | 63.11 | NEUTRAL | The RSI value for PLPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.03 | POSITIVE | The MACD value suggests PLPC has a positive trend. |
| Stochastics (14,3) | 92.33 | OVERBOUGHT | The high Stochastics value suggests PLPC may be overbought. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PLPC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.67 | NEGATIVE | The low ADX value for PLPC suggests a weak or negative trend. |
233.85
-0.92 (-0.39%)
PREFORMED LINE PRODUCTS CO / PLPC FAQ
What is the technical rating for PLPC stock?
ChartMill assigns a technical rating of 10 / 10 to PLPC.
What is the current trend direction of PREFORMED LINE PRODUCTS CO (PLPC) stock?
The current trend direction for PREFORMED LINE PRODUCTS CO (PLPC) is Bullish.
What is the RSI signal for PREFORMED LINE PRODUCTS CO (PLPC) stock?
PREFORMED LINE PRODUCTS CO (PLPC) has an RSI value of 63.1125. This indicates that the stock is currently neutral.
What is the buy/sell signal for PREFORMED LINE PRODUCTS CO (PLPC) stock?
The buy/sell signal for PREFORMED LINE PRODUCTS CO (PLPC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PREFORMED LINE PRODUCTS CO (PLPC) stock?
PREFORMED LINE PRODUCTS CO (PLPC) has a support level at 213.33 and a resistance level at 237.89. Check the full technical report for our detailed analysis of PLPC support and resistance levels.