ABRDN PHYSICAL PLATINUM SHRS (PPLT) Stock Technical Analysis
NYSEARCA:PPLT - NYSE Arca - US0032601066 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to PPLT. Both in the recent history as in the last year, PPLT 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.
PPLT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PPLT has a been trading in the 95.50 - 121.22 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PPLT did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
PPLT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
81.83
121.07
5 important support areas can be observed.
- Support @104.55 from a trend line in the daily time frame.
- A support zone ranging from 96.13 to 97.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @87.98 from a horizontal line in the daily time frame.
- A support zone ranging from 84.58 to 84.95. 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.
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 | UP | POSITIVE | The short term trend for PPLT is up. |
| ChartMill Relative Strength | 89.81 | POSITIVE | PPLT has a high relative strength, it outperformed 89.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPLT is above the rising 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) | 70.22 | OVERBOUGHT | The high RSI value suggests PPLT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests PPLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.72 | OVERBOUGHT | The high Stochastics value suggests PPLT may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for PPLT suggests some volalility. |
| Average Directional Index/ADX (14) | 45.44 | POSITIVE | The high ADX value value for PPLT 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 |
|---|---|---|---|
| 121.23 | 110.35 | 10.88 (8.97%) | 11.14% |
| An entry @121.23. This is a Buy Stop order right above the 10 day high. | An exit @110.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.88 points, which is 8.97%. | When investing 11.14% 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.
119.87
+2.17 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.84%
1 Week5.38%
2 Weeks7.89%
1 Month19.69%
3 Month33.25%
6 Month42.33%
12 Month31.05%
2 Year43.3%
3 Year44.25%
5 Year53.35%
10 Year15.04%
15 Year-21.44%
Volatility
ATR(14)4.14
ATR(20)%2.88%
ATR Inc0.61%
Range Today4.31
ADR(20)2.1
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.81
Mansfield2.52
10 Day High121.22
10 Day Low110.36
20 Day High121.22
20 Day Low95.5
52 Week High121.22
52 Week Low82.35
CS1 End104.55
CR1 StartN/A
Volume & EV
DER(3)-2.91%
DER(5)0.27%
Volume784.80K
Volume Incr6.85%
Vol(5)595.98K
Vol(50)351.61K