PLEXUS CORP (PLXS) Technical Analysis
NASDAQ:PLXS • US7291321005
Current stock price
PLXS Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to PLXS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that PLXS is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by PLXS over the past year are nicely spread over this period.
- PLXS is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. PLXS outperforms 70% of them.
- PLXS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PLXS is performing more or less in line with the market.
- In the last month PLXS has a been trading in the 180.00 - 208.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PLXS Weekly and Daily overview Charts
PLXS Setup Rating and Analysis
Besides having an excellent technical rating, PLXS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 206.23. Right above this resistance zone may be a good entry point.
More info and screens
PLXS Support and Resistance Analysis
122.79
7 important support areas can be observed.
- Support @190.32 from a trend line in the daily time frame.
- A support zone ranging from 185.89 to 186.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @172.88 from a trend line in the daily time frame.
- Support @154.57 from a trend line in the weekly time frame.
- Support @140.00 from a horizontal line in the daily time frame.
- Support @134.96 from a horizontal line in the daily time frame.
- Support @124.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 206.23 to 208.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
PLXS 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 PLXS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLXS is neutral. |
| ChartMill Relative Strength | 89.72 | POSITIVE | PLXS has a high relative strength, it outperformed 89.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLXS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLXS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLXS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.86 | NEUTRAL | The RSI value for PLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.59 | NEGATIVE | The MACD value suggests PLXS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.28 | NEUTRAL | The Stochastics value for PLXS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for PLXS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.14 | NEUTRAL | The ADX value for PLXS suggests a possible start of a new trend. |
PLXS Chart- and CandleStick Pattern Analysis
PLXS Example Setup
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 |
|---|---|---|---|
| 192.50 | 190.31 | 2.19 (1.14%) | 25.00% |
| An entry @192.50. This is a Buy Stop order right above the 10 day moving average. | An exit @190.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.19 points, which is 1.14%. | For a 0.28% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PLXS. 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.
PLXS Technicals: Chart, Performance Metrics, Trend & Indicators
190.74
+0.98 (+0.52%)
PLEXUS CORP / PLXS TA FAQ
What is the ChartMill technical rating of PLEXUS CORP (PLXS) stock?
ChartMill assigns a technical rating of 9 / 10 to PLXS.
Can you provide the trend direction for PLEXUS CORP?
The current trend direction for PLEXUS CORP (PLXS) is Bullish.
Can you provide the RSI signal for PLEXUS CORP?
PLEXUS CORP (PLXS) has an RSI value of 47.8648. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PLEXUS CORP?
The short term momentum for PLEXUS CORP (PLXS) is neutral.