Overall PLUG gets a technical rating of 4 out of 10. In the last year, PLUG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month PLUG has a been trading in the 1.92 - 2.66 range, which is quite wide. It is currently trading near the high of this range.
- PLUG has an average volume of 104630000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, PLUG outperforms 49% of them, which is more or less in line with the market.
- PLUG is part of the Electrical Equipment industry. There are 91 other stocks in this industry, PLUG did better than 55% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, PLUG does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.21, a Stop Loss order could be placed below this zone. 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.07 from a trend line in the daily time frame.
- Support @1.94 from a trend line in the daily time frame.
- Support @1.89 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.60 from a horizontal 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 | 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 | 49.92 | NEUTRAL | PLUG is not amongst the best or worst performers 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) | 58.12 | NEUTRAL | The RSI value for PLUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PLUG has a positive trend. |
| Stochastics (14,3) | 72.07 | NEUTRAL | The Stochastics value for PLUG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.53 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for PLUG suggests a weak or negative trend. |
2.5
-0.09 (-3.47%)
PLUG POWER INC / PLUG FAQ
What is the technical rating for PLUG stock?
ChartMill assigns a technical rating of 4 / 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 58.1196. 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 2.21 and a resistance level at 2.6. Check the full technical report for our detailed analysis of PLUG support and resistance levels.