POET TECHNOLOGIES INC (POET) Stock Technical Analysis
NASDAQ:POET - Nasdaq - CA73044W3021 - Common Stock - Currency: USD
Overall POET gets a technical rating of 6 out of 10. POET was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month POET has a been trading in the 4.68 - 6.73 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 89% of all 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 86% of 110 stocks in the same industry.
POET has an average volume of 2397460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
3.60
7.67
We found 6 important support areas.
- A support zone ranging from 4.89 to 4.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.56 from a trend line in the daily time frame.
- Support @4.47 from a trend line in the weekly time frame.
- Support @4.34 from a trend line in the weekly time frame.
- Support @4.18 from a trend line in the daily time frame.
- Support @3.64 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.45 to 5.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.59 from a horizontal 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 | 89.73 | POSITIVE | POET has a high relative strength, it outperformed 89.73% 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) | 39.37 | NEUTRAL | The RSI value for POET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests POET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.65 | OVERSOLD | The low Stochastics value suggests POET may be oversold. |
| Average True Range in percent/ATR (20) | 6.94 | 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)
4.94
+0.04 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.82%
1 Week-5.36%
2 Weeks-8.86%
1 Month-25.6%
3 Month12.79%
6 Month12.27%
12 Month56.33%
2 Year27.65%
3 Year23.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%6.94%
ATR Inc-24.28%
Range Today0.27
ADR(20)0.33
ADR(20)%6.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.73
Mansfield0.07
10 Day High5.76
10 Day Low4.68
20 Day High6.73
20 Day Low4.68
52 Week High7.79
52 Week Low2.63
CS1 End4.93
CR1 Start5.45
Volume & EV
DER(3)-1.88%
DER(5)-3.51%
Volume1.28M
Volume Incr-46.27%
Vol(5)1.29M
Vol(50)2.40M