POET TECHNOLOGIES INC (POET) Technical Analysis
NASDAQ:POET • CA73044W3021
Current stock price
POET Technical Rating and Analysis
Overall POET gets a technical rating of 4 out of 10. 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.
- POET is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 64% of 115 stocks in the same industry do better.
- In the last month POET has a been trading in the 4.87 - 8.27 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, POET did better than 81% of all other stocks.
- POET has an average volume of 9413960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 Weekly and Daily overview Charts
POET Setup Rating and Analysis
Although the technical rating is only medium, POET does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.17, a Stop Loss order could be placed below this zone.
More info and screens
POET Support and Resistance Analysis
4.72
We found 3 important support areas.
- A support zone ranging from 5.11 to 5.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.92 from a trend line in the weekly time frame.
- Support @4.77 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.12 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.84 from a horizontal line in the weekly time frame.
- Resistance @7.00 from a trend line in the daily time frame.
- Resistance @7.77 from a trend line in the daily time frame.
- A resistance zone ranging from 8.23 to 8.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
POET 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 POET is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for POET is neutral. |
| ChartMill Relative Strength | 81.21 | POSITIVE | POET has a high relative strength, it outperformed 81.21% 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 | NEGATIVE | The current price of POET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of POET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.16 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 35.11 | NEUTRAL | The Stochastics value for POET is a neutral value. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for POET suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for POET suggests a weak or negative trend. |
POET Chart- and CandleStick Pattern Analysis
POET Technicals: Chart, Performance Metrics, Trend & Indicators
6.11
+0.51 (+9.11%)
POET TECHNOLOGIES INC / POET TA FAQ
What is the technical rating for POET stock?
ChartMill assigns a technical rating of 4 / 10 to POET.
What is the trend direction for POET stock?
The current trend direction for POET TECHNOLOGIES INC (POET) is Bearish.
Can you provide the RSI signal for POET TECHNOLOGIES INC?
POET TECHNOLOGIES INC (POET) has an RSI value of 50.1637. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for POET TECHNOLOGIES INC?
POET TECHNOLOGIES INC (POET) has a support level at 5.17 and a resistance level at 6.12. Check the full technical report for our detailed analysis of POET support and resistance levels.