PLUG POWER INC (PLUG) Stock Technical Analysis
NASDAQ:PLUG • US72919P2020
We assign a technical rating of 1 out of 10 to PLUG. PLUG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- PLUG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- PLUG has an average volume of 96766000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PLUG turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- PLUG is an average performer in the Electrical Equipment industry, it outperforms 50% of 91 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.
PLUG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PLUG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.82 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.92 to 1.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.07 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.52 from a trend 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 | DOWN | NEGATIVE | The long term trend for PLUG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLUG is down. |
| ChartMill Relative Strength | 56.46 | NEUTRAL | PLUG is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of PLUG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PLUG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.1 | NEUTRAL | The RSI value for PLUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PLUG has a positive trend. |
| Stochastics (14,3) | 28.76 | NEUTRAL | The Stochastics value for PLUG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for PLUG suggests a weak or negative trend. |
1.91
0 (0%)
PLUG POWER INC / PLUG FAQ
What is the technical rating for PLUG stock?
ChartMill assigns a technical rating of 1 / 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 44.0973. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PLUG POWER INC?
The buy/sell signal for PLUG POWER INC (PLUG) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for PLUG POWER INC?
PLUG POWER INC (PLUG) has a support level at 1.87 and a resistance level at 1.92. Check the full technical report for our detailed analysis of PLUG support and resistance levels.