We assign a technical rating of 2 out of 10 to PLUG. PLUG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, PLUG is a bad performer in the overall market: 78% of all stocks are doing better.
- In the last month PLUG has a been trading in the 1.92 - 2.51 range, which is quite wide. It is currently trading near the high of this range.
- PLUG has an average volume of 104860000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- PLUG is an average performer in the Electrical Equipment industry, it outperforms 48% of 91 stocks in the same industry.
- PLUG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLUG is lagging the market.
PLUG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.36. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.87
4 important support areas can be observed.
- Support @2.05 from a trend line in the daily time frame.
- Support @1.97 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.93 to 1.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.89 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.36 to 2.40. 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 | NEUTRAL | NEUTRAL | The long term trend for PLUG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLUG is neutral. |
| ChartMill Relative Strength | 22.58 | NEGATIVE | PLUG has a low relative strength, it was outperformed by 77.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLUG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PLUG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLUG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.77 | NEUTRAL | The RSI value for PLUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PLUG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.27 | NEUTRAL | The Stochastics value for PLUG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.69 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for PLUG suggests a weak or negative trend. |
2.22
-0.09 (-3.9%)
PLUG POWER INC / PLUG FAQ
What is the technical rating for PLUG stock?
ChartMill assigns a technical rating of 2 / 10 to PLUG.
What is the trend direction for PLUG stock?
The current trend direction for PLUG POWER INC (PLUG) is Bearish.
Can you provide the RSI signal for PLUG POWER INC?
PLUG POWER INC (PLUG) has an RSI value of 48.7722. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PLUG POWER INC?
PLUG POWER INC (PLUG) has a support level at 2.05 and a resistance level at 2.36. Check the full technical report for our detailed analysis of PLUG support and resistance levels.