PLUG Technical Analysis - PLUG POWER INC

Technical Rating and Analysis

Overall PLUG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PLUG has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that PLUG is one of the better performing stocks in the market, outperforming 96% of all stocks.

PLUG is part of the Electrical Equipment industry. There are 93 other stocks in this industry. PLUG outperforms 79% of them.

PLUG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLUG is lagging the market slightly.

In the last month PLUG has a been trading in the 1.69 - 4.58 range, which is quite wide. It is currently trading near the high of this range.

PLUG has an average volume of 104047000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PLUG POWER INC / PLUG Weekly stock chart

Setup Rating and Analysis

Although PLUG has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.49

4.09

2 important support areas can be observed.

A support zone ranging from 2.95 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.50 from a horizontal line in the daily time frame.

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for PLUG is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PLUG is up.
ChartMill Relative Strength	96.33	POSITIVE	PLUG has a high relative strength, it outperformed 96.33% 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)	UP	POSITIVE	The current price of PLUG is above the rising 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)	70.61	OVERBOUGHT	The high RSI value suggests PLUG may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests PLUG has a positive trend, although the MACD value is declining.
Stochastics (14,3)	66.95	NEUTRAL	The Stochastics value for PLUG is a neutral value.
Average True Range in percent/ATR (20)	11.18	HIGH VOLATILITY	The high ATR as a percentage value for PLUG suggests high volalility.
Average Directional Index/ADX (14)	50.42	POSITIVE	The high ADX value value for PLUG suggests a strong trend.