POET TECHNOLOGIES INC (POET) Stock Technical Analysis
NASDAQ:POET - Nasdaq - CA73044W3021 - Common Stock - Currency: USD
Taking everything into account, POET scores 6 out of 10 in our technical rating. Although POET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month POET has a been trading in the 4.10 - 4.81 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, POET did better than 97% of all other stocks. We also observe that the gains produced by POET over the past year are nicely spread over this period.
POET is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 95% of 110 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
POET 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 POET is lagging the market slightly.
POET has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.26
4.77
2 important support areas can be observed.
- Support @3.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.29 to 3.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.37 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.61 from a trend line in the daily time frame.
- A resistance zone ranging from 4.72 to 4.72. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for POET is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for POET is neutral. |
| ChartMill Relative Strength | 97.16 | POSITIVE | POET has a high relative strength, it outperformed 97.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of POET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of POET is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of POET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.84 | NEUTRAL | The RSI value for POET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests POET has a negative trend. |
| Stochastics (14,3) | 20.64 | NEUTRAL | The Stochastics value for POET is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for POET suggests high volalility. |
| Average Directional Index/ADX (14) | 16.58 | NEGATIVE | The low ADX value for POET suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.18
-0.16 (-3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.58%
1 Week-4.57%
2 Weeks-11.25%
1 Month-3.69%
3 Month16.43%
6 Month-18.52%
12 Month143.02%
2 Year-5.22%
3 Year-19.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.73%
ATR Inc-13.23%
Range Today0.15
ADR(20)0.23
ADR(20)%5.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.16
Mansfield0.26
10 Day High4.81
10 Day Low4.15
20 Day High4.81
20 Day Low4.1
52 Week High7.79
52 Week Low1.65
CS1 End3.58
CR1 Start4.37
Volume & EV
DER(3)-8.23%
DER(5)-5.26%
Volume703.50K
Volume Incr54.54%
Vol(5)1.01M
Vol(50)780.61K