Overall PLUS gets a technical rating of 8 out of 10. Both in the recent history as in the last year, PLUS has proven to be a steady performer, scoring decent points in every aspect analyzed.
PLUS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 88.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
67.94
We found 4 important support areas.
- A support zone ranging from 86.58 to 88.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 77.11 to 77.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.71 to 71.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @68.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.98 to 93.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 PLUS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLUS is up. |
| ChartMill Relative Strength | 85.18 | POSITIVE | PLUS has a high relative strength, it outperformed 85.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLUS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.92 | NEUTRAL | The RSI value for PLUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests PLUS has a negative trend. |
| Stochastics (14,3) | 37.77 | NEUTRAL | The Stochastics value for PLUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for PLUS suggests some volalility. |
| Average Directional Index/ADX (14) | 36.93 | POSITIVE | The high ADX value value for PLUS suggests a strong trend. |
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 |
|---|---|---|---|
| 90.74 | 87.91 | 2.82 (3.11%) | 25.00% |
| An entry @90.73. This is a Buy Stop order right above the 10 day moving average. | An exit @87.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.82 points, which is 3.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The distance between exit and entry is rather small compared to the average daily movement of PLUS. Please evaluate whether better entry and exit points can be found.
- 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.
88.52
-1.01 (-1.13%)
EPLUS INC / PLUS FAQ
Can you provide the ChartMill technical rating for EPLUS INC?
ChartMill assigns a technical rating of 8 / 10 to PLUS.
What is the trend direction for PLUS stock?
The current trend direction for EPLUS INC (PLUS) is Bullish.
What is the RSI signal for EPLUS INC (PLUS) stock?
EPLUS INC (PLUS) has an RSI value of 50.92. This indicates that the stock is currently neutral.
What is the MACD signal for EPLUS INC (PLUS) stock?
The MACD indicator for EPLUS INC (PLUS) has a value of -0.713556, indicating a bearish trend.
What is the short term momentum for PLUS stock?
The short term momentum for EPLUS INC (PLUS) is positive.