PLUG POWER INC (PLUG) Stock Technical Analysis
NASDAQ:PLUG - Nasdaq - US72919P2020 - Common Stock - Currency: USD
Overall PLUG gets a technical rating of 8 out of 10. In the last year, PLUG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PLUG has a been trading in the 1.03 - 1.85 range, which is quite wide. It is currently trading near the high of this range.
PLUG has an average volume of 123033000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PLUG did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PLUG is an average performer in the Electrical Equipment industry, it outperforms 67% of 93 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PLUG has an excellent technical rating, but the quality of the setup is only medium 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
1.77
2.50
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.88 from a trend line in the weekly time frame.
- Resistance @2.48 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 | NEUTRAL | NEUTRAL | The long term trend for PLUG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLUG is up. |
| ChartMill Relative Strength | 87.15 | POSITIVE | PLUG has a high relative strength, it outperformed 87.15% 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) | DOWN | MIXED | The current price of PLUG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.39 | 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. |
| Stochastics (14,3) | 72.82 | NEUTRAL | The Stochastics value for PLUG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.02 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 39.02 | 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)
1.79
+0.14 (+8.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg8.48%
1 Week10.49%
2 Weeks21.77%
1 Month57.02%
3 Month98.82%
6 Month-26.64%
12 Month-28.83%
2 Year-86.36%
3 Year-91.61%
5 Year-76.78%
10 Year-30.89%
15 Year289.13%
Volatility
ATR(14)0.18
ATR(20)%9.02%
ATR Inc-0.81%
Range Today0.16
ADR(20)0.15
ADR(20)%8.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.15
Mansfield-0.65
10 Day High1.85
10 Day Low1.35
20 Day High1.85
20 Day Low1.03
52 Week High3.32
52 Week Low0.69
CS1 EndN/A
CR1 Start1.8
Volume & EV
DER(3)3.19%
DER(5)-0.79%
Volume102.72M
Volume Incr-22.12%
Vol(5)69.11M
Vol(50)123.03M