PLUN Technical Analysis - PLUG POWER INC

Technical Rating and Analysis

Taking everything into account, PLUN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLUN is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that PLUN is one of the better performing stocks in the market, outperforming 97% of all stocks.

PLUN is one of the better performing stocks in the Electrical Equipment industry, it outperforms 91% of 61 stocks in the same industry.

PLUN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLUN is lagging the market.

In the last month PLUN has a been trading in the 1.79 - 4.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PLUG POWER INC / PLUN Weekly stock chart

Setup Rating and Analysis

Although PLUN has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.22

3.39

3 important support areas can be observed.

A support zone ranging from 2.98 to 2.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.54 from a trend line in the daily time frame.
Support @1.23 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 3.32 to 3.36. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 PLUN.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PLUN.DE is up.
ChartMill Relative Strength	97.36	POSITIVE	PLUN.DE has a high relative strength, it outperformed 97.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PLUN.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PLUN.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of PLUN.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	59.73	NEUTRAL	The RSI value for PLUN.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests PLUN.DE has a negative trend.
Stochastics (14,3)	61.45	NEUTRAL	The Stochastics value for PLUN.DE is a neutral value.
Average True Range in percent/ATR (20)	13.32	HIGH VOLATILITY	The high ATR as a percentage value for PLUN.DE suggests high volalility.
Average Directional Index/ADX (14)	45.03	POSITIVE	The high ADX value value for PLUN.DE suggests a strong trend.