ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) Stock Technical Analysis
NYSEARCA:PLTW • US77926X7268
Taking everything into account, PLTW scores 0 out of 10 in our technical rating. PLTW'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.
- When comparing the yearly performance of all stocks, PLTW is a bad performer in the overall market: 90% of all stocks are doing better.
- PLTW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PLTW has a been trading in the 22.76 - 33.65 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of PLTW 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.
More info and screens
22.95
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 25.01 to 25.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.43 from a trend line in the weekly time frame.
- Resistance @38.05 from a trend line in the weekly time frame.
- Resistance @42.22 from a trend 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 | DOWN | NEGATIVE | The long term trend for PLTW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLTW is down. |
| ChartMill Relative Strength | 10.53 | NEGATIVE | PLTW has a low relative strength, it was outperformed by 89.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLTW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLTW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLTW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.44 | NEUTRAL | The RSI value for PLTW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PLTW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.41 | OVERSOLD | The low Stochastics value suggests PLTW may be oversold. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for PLTW suggests high volalility. |
| Average Directional Index/ADX (14) | 37.93 | POSITIVE | The high ADX value value for PLTW suggests a strong trend. |
23.18
-0.55 (-2.32%)
ROUNDHILL PLTR WEEKLYPAY ETF / PLTW FAQ
Can you provide the ChartMill technical rating for ROUNDHILL PLTR WEEKLYPAY ETF?
ChartMill assigns a technical rating of 0 / 10 to PLTW.
What is the current trend direction of ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) stock?
The current trend direction for ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) is Bearish.
What is the RSI signal for PLTW stock?
ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) has an RSI value of 30.4373. This indicates that the stock is currently neutral.
What is the short term momentum for ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) stock?
The short term momentum for ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) is negative.
What is the buy/sell signal for PLTW stock?
The buy/sell signal for ROUNDHILL PLTR WEEKLYPAY ETF (PLTW) is sell as both the short term and long term trends are negative.