PROTALIX BIOTHERAPEUTICS INC (PLX) Technical Analysis
NYSEARCA:PLX • US74365A3095
Current stock price
PLX Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PLX. PLX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- PLX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- PLX has an average volume of 1376820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, PLX outperforms 51% of them, which is more or less in line with the market.
- PLX is part of the Biotechnology industry. There are 517 other stocks in this industry, PLX did better than 46% of them.
- PLX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLX is lagging the market slightly.
PLX Weekly and Daily overview Charts
PLX Setup Rating and Analysis
PLX has a poor technical rating and the quality of the setup is also only medium 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
PLX Support and Resistance Analysis
1.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.11 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.06 from a horizontal line in the daily time frame.
- Support @1.92 from a trend line in the daily time frame.
- Support @1.84 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.20 from a horizontal line in the daily time frame.
- Resistance @3.00 from a horizontal line in the weekly time frame.
PLX 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 PLX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLX is down. |
| ChartMill Relative Strength | 51.56 | NEUTRAL | PLX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PLX is below 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) | 37.44 | NEUTRAL | The RSI value for PLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.73 | OVERSOLD | The low Stochastics value suggests PLX may be oversold. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for PLX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.37 | POSITIVE | The high ADX value value for PLX suggests a strong trend. |
PLX Chart- and CandleStick Pattern Analysis
PLX Technicals: Chart, Performance Metrics, Trend & Indicators
2.15
-0.04 (-1.83%)
PROTALIX BIOTHERAPEUTICS INC / PLX TA FAQ
What is the ChartMill technical rating of PROTALIX BIOTHERAPEUTICS INC (PLX) stock?
ChartMill assigns a technical rating of 2 / 10 to PLX.
Can you provide the trend direction for PROTALIX BIOTHERAPEUTICS INC?
The current trend direction for PROTALIX BIOTHERAPEUTICS INC (PLX) is Bearish.
What is the RSI signal for PROTALIX BIOTHERAPEUTICS INC (PLX) stock?
PROTALIX BIOTHERAPEUTICS INC (PLX) has an RSI value of 37.439. This indicates that the stock is currently neutral.
What is the MACD signal for PLX stock?
The MACD indicator for PROTALIX BIOTHERAPEUTICS INC (PLX) has a value of -0.0236618, indicating a bearish trend.
Can you provide the short term momentum for PROTALIX BIOTHERAPEUTICS INC?
The short term momentum for PROTALIX BIOTHERAPEUTICS INC (PLX) is negative.