POET TECHNOLOGIES INC (POET) Stock Technical Analysis
NASDAQ:POET - Nasdaq - CA73044W3021 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month POET has a been trading in the 3.88 - 4.80 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 93% of all stocks.
POET is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 90% of 110 stocks in the same industry.
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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
3.54
4.53
When analyzing the support we can see 2 important areas.
- Support @3.95 from a horizontal line in the daily time frame.
- Support @3.58 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.04 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.12 to 4.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.48 to 4.49. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for POET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for POET is down. |
| ChartMill Relative Strength | 93.59 | POSITIVE | POET has a high relative strength, it outperformed 93.59% 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 | MIXED | The current price of POET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for POET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests POET has a negative trend. |
| Stochastics (14,3) | 12.02 | OVERSOLD | The low Stochastics value suggests POET may be oversold. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for POET suggests high volalility. |
| Average Directional Index/ADX (14) | 9.9 | 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)
3.96
-0.07 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.74%
1 Week-5.04%
2 Weeks-5.49%
1 Month-10.81%
3 Month1.28%
6 Month-43.1%
12 Month91.3%
2 Year-10.2%
3 Year-24.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%5.59%
ATR Inc-9.57%
Range Today0.18
ADR(20)0.21
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.59
Mansfield-0.66
10 Day High4.37
10 Day Low3.88
20 Day High4.8
20 Day Low3.88
52 Week High7.79
52 Week Low2.19
CS1 End3.95
CR1 Start4.04
Volume & EV
DER(3)-2.29%
DER(5)-1.67%
Volume819.90K
Volume Incr-11.7%
Vol(5)767.72K
Vol(50)704.24K