Taking everything into account, POET scores 3 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 5.13 - 9.14 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that POET is one of the better performing stocks in the market, outperforming 76% of all stocks.
- POET has an average volume of 8913060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- POET is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 42% of 113 stocks in the same industry.
- POET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so POET is lagging the market.
The technical rating of POET is bad and it also does not present a 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.
More info and screens
4.02
When analyzing the support we can see 6 important areas.
- Support @5.79 from a horizontal line in the weekly time frame.
- Support @5.17 from a horizontal line in the daily time frame.
- Support @4.70 from a trend line in the weekly time frame.
- Support @4.47 from a trend line in the weekly time frame.
- Support @4.28 from a trend line in the daily time frame.
- Support @4.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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.
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 | 76.23 | POSITIVE | POET has a high relative strength, it outperformed 76.23% 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) | UP | MIXED | The current price of POET is below the rising 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) | 42.83 | NEUTRAL | The RSI value for POET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests POET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.4 | OVERSOLD | The low Stochastics value suggests POET may be oversold. |
| Average True Range in percent/ATR (20) | 12.24 | HIGH VOLATILITY | The high ATR as a percentage value for POET suggests high volalility. |
| Average Directional Index/ADX (14) | 21.7 | NEUTRAL | The ADX value for POET suggests a possible start of a new trend. |
5.87
+0.7 (+13.43%)
POET TECHNOLOGIES INC / POET FAQ
What is the technical rating for POET stock?
ChartMill assigns a technical rating of 3 / 10 to POET.
What is the trend direction for POET stock?
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 42.8312. This indicates that the stock is currently neutral.
What is the MACD signal for POET TECHNOLOGIES INC (POET) stock?
The MACD indicator for POET TECHNOLOGIES INC (POET) has a value of -0.200443, indicating a bearish trend.
Can you provide the support and resistance levels for POET TECHNOLOGIES INC?
POET TECHNOLOGIES INC (POET) has a support level at 5.79 and a resistance level at 8.23. Check the full technical report for our detailed analysis of POET support and resistance levels.