Plantronics (PLT) Stock Technical Analysis
NYSE:PLT - New York Stock Exchange, Inc. -
Taking everything into account, PLT scores 4 out of 10 in our technical rating. Although PLT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that PLT is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by PLT over the past year are nicely spread over this period.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
PLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLT is lagging the market.
In the last month PLT has a been trading in the 27.39 - 43.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
PLT 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
11.29
43.92
4 important support areas can be observed.
- Support @29.44 from a horizontal line in the weekly time frame.
- A support zone ranging from 28.52 to 28.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.32 from a trend line in the weekly time frame.
- Support @11.40 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @32.54 from a horizontal line in the daily time frame.
- A resistance zone ranging from 38.49 to 38.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @41.35 from a trend line in the daily time frame.
- Resistance @43.49 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for PLT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLT is down. |
| ChartMill Relative Strength | 81.11 | POSITIVE | PLT has a high relative strength, it outperformed 81.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.67 | NEUTRAL | The RSI value for PLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests PLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.41 | NEUTRAL | The Stochastics value for PLT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for PLT suggests high 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)
31.87
-0.66 (-2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.03%
1 Week8.25%
2 Weeks-22.25%
1 Month-21.71%
3 Month-22.19%
6 Month29.45%
12 Month125.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.78
ATR(20)%8.21%
ATR Inc-14.17%
Range Today1.51
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
CRS81.11
Mansfield1.05
10 Day High41.34
10 Day Low27.39
20 Day High43.4
20 Day Low27.39
52 Week High50.89
52 Week Low10.95
CS1 End29.44
CR1 Start32.54
Volume & EV
DER(3)3.53%
DER(5)1.52%
Volume539.70K
Volume Incr29.69%
Vol(5)832.92K
Vol(50)584.23K