PROTALIX BIOTHERAPEUTICS INC (PLX) Stock Technical Analysis
NYSEARCA:PLX • US74365A3095
We assign a technical rating of 9 out of 10 to PLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- PLX is one of the better performing stocks in the Biotechnology industry, it outperforms 79% of 521 stocks in the same industry.
- A new 52 week high is currently being made by PLX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PLX has a been trading in the 2.02 - 3.17 range, which is quite wide. It is currently trading near the high of this range.
- PLX has an average volume of 1129140 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 PLX is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PLX has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
1.76
We found 4 important support areas.
- A support zone ranging from 2.93 to 2.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.66 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.83 from a trend line in the daily time frame.
- Support @1.78 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 PLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLX is up. |
| ChartMill Relative Strength | 91.86 | POSITIVE | PLX has a high relative strength, it outperformed 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.64 | OVERBOUGHT | The high RSI value suggests PLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.34 | OVERBOUGHT | The high Stochastics value suggests PLX may be overbought. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for PLX suggests high volalility. |
| Average Directional Index/ADX (14) | 46.41 | POSITIVE | The high ADX value value for PLX suggests a strong trend. |
3.14
+0.08 (+2.61%)
PROTALIX BIOTHERAPEUTICS INC / PLX FAQ
What is the ChartMill technical rating of PROTALIX BIOTHERAPEUTICS INC (PLX) stock?
ChartMill assigns a technical rating of 9 / 10 to PLX.
Can you provide the trend direction for PROTALIX BIOTHERAPEUTICS INC?
The current trend direction for PROTALIX BIOTHERAPEUTICS INC (PLX) is Bullish.
What is the RSI signal for PLX stock?
PROTALIX BIOTHERAPEUTICS INC (PLX) has an RSI value of 71.638. This indicates that the stock is currently overbought.
Can you provide the short term momentum for PROTALIX BIOTHERAPEUTICS INC?
The short term momentum for PROTALIX BIOTHERAPEUTICS INC (PLX) is positive.
What is the buy/sell signal for PROTALIX BIOTHERAPEUTICS INC (PLX) stock?
The buy/sell signal for PROTALIX BIOTHERAPEUTICS INC (PLX) is buy as both the short term and long term trends are positive.