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PLUTONIAN ACQUISITION CORP (PLTN) Stock Technical Analysis

NASDAQ:PLTN - Nasdaq - US72942P1049 - Common Stock - Currency: USD

2.43  -3.37 (-58.1%)

After market: 2.13 -0.3 (-12.35%)

Technical Rating and Analysis

0

Overall PLTN gets a technical rating of 0 out of 10. PLTN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than PLTN.
PLTN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month PLTN has a been trading in the 2.32 - 10.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Weekly and Daily overview Charts
PLUTONIAN ACQUISITION CORP / PLTN Weekly stock chart
PLUTONIAN ACQUISITION CORP / PLTN Daily stock chart
Setup Rating and Analysis

3

The technical rating of PLTN is bad and it also does not present a 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.

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for PLTN is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for PLTN is down.
ChartMill Relative Strength0.77NEGATIVEPLTN has a low relative strength, it was outperformed by 99.23% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of PLTN is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PLTN is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of PLTN is below a declining SMA(200).
Relative Strength Index/RSI (14)26.53OVERSOLDThe low RSI value suggests PLTN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.31NEGATIVEThe MACD value suggests PLTN has a negative trend.
Stochastics (14,3)19.89OVERSOLDThe low Stochastics value suggests PLTN may be oversold.
Average True Range in percent/ATR (20)83.23HIGH VOLATILITYThe high ATR as a percentage value for PLTN suggests high volalility.
Average Directional Index/ADX (14)37.13POSITIVEThe high ADX value value for PLTN suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
PLUTONIAN ACQUISITION CORP / PLTN Daily stock chart

PLUTONIAN ACQUISITION CORP

NASDAQ:PLTN (6/6/2024, 8:00:01 PM)

After market: 2.13 -0.3 (-12.35%)

2.43

-3.37 (-58.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-58.1%
1 Week-59.7%
2 Weeks-69.24%
1 Month-66.71%
3 Month-77.34%
6 Month-77.05%
12 Month-76.43%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.25
ATR(20)%83.23%
ATR Inc19.32%
Range Today4
ADR(20)2
ADR(20)%82.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.77
Mansfield-7.88
10 Day High10.75
10 Day Low2.32
20 Day High10.75
20 Day Low2.32
52 Week High13.47
52 Week Low2.32
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.56%
DER(5)-0.18%
Volume961.30K
Volume Incr30.31%
Vol(5)239.40K
Vol(50)123.82K