We assign a technical rating of 8 out of 10 to PLTNR. Both in the recent history as in the last year, PLTNR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- In the last month PLTNR has a been trading in the 0.25 - 0.45 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that PLTNR is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- PLTNR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLTNR is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PLTNR has an excellent technical rating, the quality of the presented setup is not ideal 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
0.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.17 from a trend line in the daily time frame.
- Support @0.13 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.33 from a trend line in the daily time frame.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.38 to 0.38. 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 PLTNR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLTNR is up. |
| ChartMill Relative Strength | 98.41 | POSITIVE | PLTNR has a high relative strength, it outperformed 98.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PLTNR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLTNR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLTNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.71 | NEUTRAL | The RSI value for PLTNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PLTNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.55 | NEUTRAL | The Stochastics value for PLTNR is a neutral value. |
| Average True Range in percent/ATR (20) | 13.45 | HIGH VOLATILITY | The high ATR as a percentage value for PLTNR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for PLTNR suggests a strong trend. |
0.33
+0.02 (+6.08%)
PLUTONIAN ACQUISITION CORP / PLTNR FAQ
What is the ChartMill technical rating of PLUTONIAN ACQUISITION CORP (PLTNR) stock?
ChartMill assigns a technical rating of 8 / 10 to PLTNR.
What is the trend direction for PLTNR stock?
The current trend direction for PLUTONIAN ACQUISITION CORP (PLTNR) is Bullish.
Can you provide the RSI signal for PLUTONIAN ACQUISITION CORP?
PLUTONIAN ACQUISITION CORP (PLTNR) has an RSI value of 55.707. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PLUTONIAN ACQUISITION CORP?
The MACD indicator for PLUTONIAN ACQUISITION CORP (PLTNR) has a value of -0.00109476, indicating a bearish trend.
What is the buy/sell signal for PLUTONIAN ACQUISITION CORP (PLTNR) stock?
The buy/sell signal for PLUTONIAN ACQUISITION CORP (PLTNR) is buy as both the short term and long term trends are positive.