POLA Technical Analysis - POLAR POWER INC

Technical Rating and Analysis

Overall POLA gets a technical rating of 9 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, POLA is showing a nice and steady performance.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Both the short term and long term trends are positive. This is a very positive sign.

POLA is part of the Electrical Equipment industry. There are 92 other stocks in this industry. POLA outperforms 78% of them.

In the last month POLA has a been trading in the 2.04 - 3.99 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that POLA is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

POLA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so POLA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POLAR POWER INC / POLA Weekly stock chart

POLAR POWER INC / POLA Daily stock chart

Setup Rating and Analysis

Although POLA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.69

3.96

We found 3 important support areas.

Support @2.75 from a trend line in the daily time frame.
Support @1.99 from a trend line in the weekly time frame.
Support @1.71 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 3.92 to 3.92. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 POLA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for POLA is up.
ChartMill Relative Strength	93.67	POSITIVE	POLA has a high relative strength, it outperformed 93.67% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of POLA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of POLA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of POLA is above the rising SMA(200).
Relative Strength Index/RSI (14)	73.61	OVERBOUGHT	The high RSI value suggests POLA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests POLA has a positive trend.
Stochastics (14,3)	84.18	OVERBOUGHT	The high Stochastics value suggests POLA may be overbought.
Average True Range in percent/ATR (20)	8.85	HIGH VOLATILITY	The high ATR as a percentage value for POLA suggests high volalility.
Average Directional Index/ADX (14)	48.81	POSITIVE	The high ADX value value for POLA suggests a strong trend.