PLUG POWER INC (PLUG) Stock Technical Analysis
USA - NASDAQ:PLUG - US72919P2020 - Common Stock
Overall PLUG gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although PLUG has an excellent technical rating, it does not offer a high 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.
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1.39
5 important support areas can be observed.
- A support zone ranging from 2.61 to 2.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.50 to 2.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.80 from a trend line in the daily time frame.
- Support @1.65 from a trend line in the daily time frame.
- Support @1.40 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.66 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.76 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for PLUG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLUG is down. |
| ChartMill Relative Strength | 93.24 | POSITIVE | PLUG has a high relative strength, it outperformed 93.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLUG is below a declining 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) | 45.18 | NEUTRAL | The RSI value for PLUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PLUG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.65 | OVERSOLD | The low Stochastics value suggests PLUG may be oversold. |
| Average True Range in percent/ATR (20) | 12.36 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for PLUG suggests a possible start of a new trend. |
2.65
+0.14 (+5.58%)
PLUG POWER INC / PLUG FAQ
What is the technical rating for PLUG stock?
ChartMill assigns a technical rating of 7 / 10 to PLUG.
What is the current trend direction of PLUG POWER INC (PLUG) stock?
The current trend direction for PLUG POWER INC (PLUG) is Bullish.
What is the RSI signal for PLUG stock?
PLUG POWER INC (PLUG) has an RSI value of 45.1785. This indicates that the stock is currently neutral.
What is the MACD signal for PLUG POWER INC (PLUG) stock?
The MACD indicator for PLUG POWER INC (PLUG) has a value of -0.0908284, indicating a bearish trend.
What is the buy/sell signal for PLUG stock?
The buy/sell signal for PLUG POWER INC (PLUG) is hold as the short term and long term trends are mixed.