PLUG POWER INC (PLUG) Stock Technical Analysis
NASDAQ:PLUG - Nasdaq - US72919P2020 - Common Stock - Currency: USD
Taking everything into account, PLUG scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PLUG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, PLUG is a bad performer in the overall market: 94% of all stocks are doing better.
PLUG is part of the Electrical Equipment industry. There are 94 other stocks in this industry, of which 77% are performing better than PLUG.
PLUG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLUG is lagging the market.
PLUG has an average volume of 128391000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month PLUG has a been trading in the 0.74 - 1.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of PLUG 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
1.08
2.05
We found 1 important support area.
- Support @1.09 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.30 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.35 from a trend line in the daily time frame.
- Resistance @2.03 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 | DOWN | NEGATIVE | The long term trend for PLUG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLUG is up. |
| ChartMill Relative Strength | 6.46 | NEGATIVE | PLUG has a low relative strength, it was outperformed by 93.54% 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) | DOWN | NEGATIVE | The current price of PLUG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.87 | NEUTRAL | The RSI value for PLUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PLUG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.81 | NEUTRAL | The Stochastics value for PLUG is a neutral value. |
| Average True Range in percent/ATR (20) | 11.86 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 31.41 | POSITIVE | The high ADX value value for PLUG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.14
+0.05 (+4.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg4.59%
1 Week-17.39%
2 Weeks22.69%
1 Month38.18%
3 Month-25.49%
6 Month-55.47%
12 Month-52.7%
2 Year-89.03%
3 Year-93.12%
5 Year-86.11%
10 Year-53.47%
15 Year147.83%
Volatility
ATR(14)0.16
ATR(20)%11.86%
ATR Inc15.51%
Range Today0.07
ADR(20)0.13
ADR(20)%11.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.46
Mansfield-4.1
10 Day High1.53
10 Day Low0.86
20 Day High1.53
20 Day Low0.74
52 Week High3.34
52 Week Low0.69
CS1 End1.09
CR1 Start1.3
Volume & EV
DER(3)-1.75%
DER(5)-2.24%
Volume51.27M
Volume Incr-57.36%
Vol(5)71.99M
Vol(50)128.39M