POET Technical Analysis - POET TECHNOLOGIES INC

Technical Rating and Analysis

Overall POET gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, POET is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, POET did better than 93% of all other 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 82% of 112 stocks in the same industry.

POET is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month POET has a been trading in the 5.03 - 9.41 range, which is quite wide. It is currently trading near the high of this range.

POET has an average volume of 6410350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POET TECHNOLOGIES INC / POET Weekly stock chart

POET TECHNOLOGIES INC / POET Daily stock chart

Setup Rating and Analysis

Although POET has an excellent technical rating, it does not present a decent entry opportunity 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.56

8.40

4 important support areas can be observed.

Support @5.52 from a trend line in the daily time frame.
Support @5.34 from a trend line in the daily time frame.
Support @4.86 from a trend line in the weekly time frame.
Support @4.61 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for POET is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for POET is up.
ChartMill Relative Strength	93.66	POSITIVE	POET has a high relative strength, it outperformed 93.66% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of POET is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of POET is above 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)	61.67	NEUTRAL	The RSI value for POET is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests POET has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.41	OVERBOUGHT	The high Stochastics value suggests POET may be overbought.
Average True Range in percent/ATR (20)	10.25	HIGH VOLATILITY	The high ATR as a percentage value for POET suggests high volalility.
Average Directional Index/ADX (14)	34.33	POSITIVE	The high ADX value value for POET suggests a strong trend.