PLUS Technical Analysis - EPLUS INC

Technical Rating and Analysis

Overall PLUS gets a technical rating of 3 out of 10. In the last year, PLUS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, PLUS is a bad performer in the overall market: 87% of all stocks are doing better.

PLUS is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 80% of 124 stocks in the same industry do better.

In the last month PLUS has a been trading in the 69.07 - 77.50 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

PLUS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

61.66

76.84

3 important support areas can be observed.

Support @65.99 from a trend line in the daily time frame.
Support @64.70 from a trend line in the weekly time frame.
A support zone ranging from 62.28 to 62.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 72.77 to 74.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 75.78 to 76.08. This zone is formed by a combination of multiple trend lines in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for PLUS is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PLUS is down.
ChartMill Relative Strength	13.56	NEGATIVE	PLUS has a low relative strength, it was outperformed by 86.44% 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)	DOWN	MIXED	The current price of PLUS is above a declining SMA(200).
Relative Strength Index/RSI (14)	47.37	NEUTRAL	The RSI value for PLUS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.43	NEGATIVE	The MACD value suggests PLUS has a negative trend.
Stochastics (14,3)	18.39	OVERSOLD	The low Stochastics value suggests PLUS may be oversold.
Average True Range in percent/ATR (20)	2.93	MEDIUM VOLATILITY	The ATR as a percentage value for PLUS suggests some volalility.
Average Directional Index/ADX (14)	19.82	NEGATIVE	The low ADX value for PLUS suggests a weak or negative trend.