PLUG POWER INC (PLUG) Stock Technical Analysis
NASDAQ:PLUG - US72919P2020 - Common Stock
1.57 USD
-0.06 (-3.68%)
1.55 USD
-0.02 (-1.27%)
We assign a technical rating of 8 out of 10 to PLUG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLUG is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PLUG has an average volume of 66645200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PLUG is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
PLUG is an average performer in the Electrical Equipment industry, it outperforms 64% of 92 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.
In the last month PLUG has a been trading in the 1.40 - 1.75 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.
PLUG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.39, a Stop Loss order could be placed below this zone.
More info and screens
1.38
2.42
We found 1 important support area.
- A support zone ranging from 1.39 to 1.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.66 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.70 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.81 from a horizontal line in the daily time frame.
- Resistance @2.40 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 | NEUTRAL | NEUTRAL | The short term trend for PLUG is neutral. |
| ChartMill Relative Strength | 86.32 | POSITIVE | PLUG has a high relative strength, it outperformed 86.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PLUG is below 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 | NEGATIVE | The current price of PLUG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.72 | NEUTRAL | The RSI value for PLUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PLUG has a negative trend. |
| Stochastics (14,3) | 56.08 | NEUTRAL | The Stochastics value for PLUG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for PLUG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.22 | NEUTRAL | The ADX value for PLUG suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.67 | 1.49 | 0.18 (10.78%) | 9.28% |
| An entry @1.67. This is a Buy Stop order right above the resistance zone. | An exit @1.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 10.78%. | For a 1.00% total portfolio risk, you can invest 9.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.57
-0.06 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.68%
1 Week-6.55%
2 Weeks-7.65%
1 Month12.14%
3 Month77.86%
6 Month-2.48%
12 Month-16.49%
2 Year-81.44%
3 Year-94.4%
5 Year-87.9%
10 Year-8.19%
15 Year292.5%
Volatility
ATR(14)0.1
ATR(20)%6.32%
ATR Inc-35.27%
Range Today0.07
ADR(20)0.1
ADR(20)%6.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.32
Mansfield-1.58
10 Day High1.75
10 Day Low1.5
20 Day High1.75
20 Day Low1.4
52 Week High3.32
52 Week Low0.69
CS1 End1.39
CR1 Start1.66
Volume & EV
DER(3)-0.85%
DER(5)-1.71%
Volume30.02M
Volume Incr-28.22%
Vol(5)33.98M
Vol(50)66.65M