PLANTRONICS INC (POLY) Stock Technical Analysis
NYSE:POLY - New York Stock Exchange, Inc. - US7274931085 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to POLY. Both in the recent history as in the last year, POLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
POLY is one of the better performing stocks in the Communications Equipment industry, it outperforms 81% of 49 stocks in the same industry.
POLY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so POLY is leading the market.
Looking at the yearly performance, POLY did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month POLY has a been trading in a tight range between 39.75 and 39.96.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, POLY also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.81, a Stop Loss order could be placed below this zone.
More info and screens
25.61
40.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.30 to 39.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.87 from a trend line in the weekly time frame.
- Support @25.87 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.83 to 40.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 POLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for POLY is up. |
| ChartMill Relative Strength | 92.61 | POSITIVE | POLY has a high relative strength, it outperformed 92.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of POLY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of POLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of POLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.56 | NEUTRAL | The RSI value for POLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests POLY has a negative trend. |
| Stochastics (14,3) | 39.37 | NEUTRAL | The Stochastics value for POLY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for POLY suggests low volalility. |
| Average Directional Index/ADX (14) | 25.09 | POSITIVE | The high ADX value value for POLY 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.85 | 39.78 | 0.07 (0.18%) | 25.00% |
| An entry @39.85. This is a Buy Stop order right above the 10 day moving average. | An exit @39.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.18%. | For a 0.05% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of POLY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.82
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.03%
1 Week-0.08%
2 Weeks0.03%
1 Month0.08%
3 Month0.03%
6 Month43.65%
12 Month23.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.17%
ATR Inc41.49%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.61
Mansfield2.81
10 Day High39.96
10 Day Low39.79
20 Day High39.96
20 Day Low39.75
52 Week High40.82
52 Week Low22.69
CS1 End39.81
CR1 Start39.83
Volume & EV
DER(3)-2.51%
DER(5)-0.18%
Volume192.30K
Volume Incr-15.78%
Vol(5)324.74K
Vol(50)566.93K