ABRDN PHYSICAL PLATINUM SHRS (PPLT) Stock Technical Analysis
NYSEARCA:PPLT - NYSE Arca - US0032601066 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to PPLT. In the last year, PPLT was one of the better performers, but we do observe some doubts in the very recent evolution.
PPLT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
PPLT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PPLT is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that PPLT is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Although PPLT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
81.83
134.28
5 important support areas can be observed.
- A support zone ranging from 120.05 to 121.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.66 to 117.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @87.24 from a horizontal line in the daily time frame.
- A support zone ranging from 84.58 to 85.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @132.95 from a horizontal line 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 | UP | POSITIVE | The long term trend for PPLT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PPLT is neutral. |
| ChartMill Relative Strength | 89.59 | POSITIVE | PPLT has a high relative strength, it outperformed 89.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PPLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PPLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.31 | NEUTRAL | The RSI value for PPLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests PPLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.95 | NEUTRAL | The Stochastics value for PPLT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for PPLT suggests some volalility. |
| Average Directional Index/ADX (14) | 22 | NEUTRAL | The ADX value for PPLT suggests a possible start of a new 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 |
|---|---|---|---|
| 127.69 | 120.04 | 7.65 (5.99%) | 16.69% |
| An entry @127.69. This is a Buy Stop order right above the 10 day high. | An exit @120.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.65 points, which is 5.99%. | When investing 16.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
121.98
+1 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week1.71%
2 Weeks-4.25%
1 Month-1.81%
3 Month35.07%
6 Month36.12%
12 Month39.12%
2 Year36.21%
3 Year55.87%
5 Year38.79%
10 Year24.92%
15 Year-19.61%
Volatility
ATR(14)2.78
ATR(20)%2.52%
ATR Inc-33.78%
Range Today2.47
ADR(20)2.75
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.59
Mansfield1.67
10 Day High127.68
10 Day Low117.12
20 Day High133.8
20 Day Low117.12
52 Week High133.8
52 Week Low82.35
CS1 End121.14
CR1 Start132.95
Volume & EV
DER(3)3.29%
DER(5)4%
Volume195.70K
Volume Incr-56.35%
Vol(5)159.06K
Vol(50)474.37K