POLAR POWER INC (POLA) Stock Technical Analysis
NASDAQ:POLA - Nasdaq - US73102V2043 - Common Stock - Currency: USD
Taking everything into account, POLA scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. POLA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, POLA is a bad performer in the overall market: 91% of all stocks are doing better.
POLA is part of the Electrical Equipment industry. There are 93 other stocks in this industry, of which 76% are performing better than POLA.
POLA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month POLA has a been trading in the 1.53 - 2.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
POLA 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. We notice that large players showed an interest for POLA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.83
3.92
When analyzing the support we notice one important area.
- A support zone ranging from 1.85 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 2.09 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.17 from a trend line in the weekly time frame.
- Resistance @2.32 from a trend line in the daily time frame.
- Resistance @2.52 from a trend line in the daily time frame.
- Resistance @3.14 from a horizontal line in the daily time frame.
- Resistance @3.88 from a horizontal line in the weekly 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 POLA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for POLA is up. |
| ChartMill Relative Strength | 9.62 | NEGATIVE | POLA has a low relative strength, it was outperformed by 90.38% 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) | DOWN | NEGATIVE | The current price of POLA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71 | OVERBOUGHT | The high RSI value suggests POLA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests POLA has a positive trend. |
| Stochastics (14,3) | 41.33 | NEUTRAL | The Stochastics value for POLA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for POLA suggests high volalility. |
| Average Directional Index/ADX (14) | 51.91 | POSITIVE | The high ADX value value for POLA suggests a strong 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)
2.0828
+0.02 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.11%
1 Week10.2%
2 Weeks11.38%
1 Month23.98%
3 Month-4.02%
6 Month-36.31%
12 Month-35.68%
2 Year-77.29%
3 Year-90.61%
5 Year-89.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%7.06%
ATR Inc-42.32%
Range Today0.08
ADR(20)0.15
ADR(20)%6.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.62
Mansfield-2.83
10 Day High2.1
10 Day Low1.8
20 Day High2.75
20 Day Low1.53
52 Week High4.69
52 Week Low1.53
CS1 End1.86
CR1 Start2.09
Volume & EV
DER(3)19.3%
DER(5)19.33%
Volume10.30K
Volume Incr-86.88%
Vol(5)36.74K
Vol(50)120.46K