POET TECHNOLOGIES INC (POET) Stock Technical Analysis
USA - NASDAQ:POET - CA73044W3021 - Common Stock
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 has an average technical rating and it also does not offer a high quality setup 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.
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4.66
3 important support areas can be observed.
- A support zone ranging from 5.01 to 5.03. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @4.89 from a horizontal line in the daily time frame.
- Support @4.71 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @7.41 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for POET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for POET is down. |
| ChartMill Relative Strength | 81.1 | POSITIVE | POET has a high relative strength, it outperformed 81.1% 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) | 38.19 | NEUTRAL | The RSI value for POET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests POET has a negative trend. |
| Stochastics (14,3) | 6.75 | OVERSOLD | The low Stochastics value suggests POET may be oversold. |
| Average True Range in percent/ATR (20) | 16.29 | HIGH VOLATILITY | The high ATR as a percentage value for POET suggests high volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for POET suggests a possible start of a new trend. |
5.39
+0.07 (+1.32%)
POET TECHNOLOGIES INC / POET FAQ
What is the technical rating for POET stock?
ChartMill assigns a technical rating of 4 / 10 to POET.
Can you provide the trend direction for POET TECHNOLOGIES INC?
The current trend direction for POET TECHNOLOGIES INC (POET) is Bearish.
What is the RSI signal for POET TECHNOLOGIES INC (POET) stock?
POET TECHNOLOGIES INC (POET) has an RSI value of 38.1939. This indicates that the stock is currently neutral.
Can you provide the MACD signal for POET TECHNOLOGIES INC?
The MACD indicator for POET TECHNOLOGIES INC (POET) has a value of -0.286585, indicating a bearish trend.
What are the support and resistance levels for POET TECHNOLOGIES INC (POET) stock?
POET TECHNOLOGIES INC (POET) has a support level at 5.03 and a resistance level at 7.41. Check the full technical report for our detailed analysis of POET support and resistance levels.