ABRDN PHYSICAL PLATINUM SHRS (PPLT) Stock Technical Analysis
NYSEARCA:PPLT - NYSE Arca - US0032601066 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to PPLT. Although PPLT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
PPLT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PPLT is performing more or less in line with the market.
PPLT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that PPLT is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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
82.25
101.15
4 important support areas can be observed.
- A support zone ranging from 92.32 to 92.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.97 to 88.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @86.32 from a horizontal line in the daily time frame.
- A support zone ranging from 83.08 to 84.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.15 to 100.15. This zone is formed by a combination of multiple trend lines 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 PPLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PPLT is up. |
| ChartMill Relative Strength | 78.27 | POSITIVE | PPLT has a high relative strength, it outperformed 78.27% 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) | 65.41 | NEUTRAL | The RSI value for PPLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PPLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.73 | NEUTRAL | The Stochastics value for PPLT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for PPLT suggests low volalility. |
| Average Directional Index/ADX (14) | 28.27 | 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)
98.45
+0.94 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.96%
1 Week-0.61%
2 Weeks7.54%
1 Month11.91%
3 Month11.75%
6 Month15.77%
12 Month10.87%
2 Year17.69%
3 Year18.47%
5 Year25.94%
10 Year-5.52%
15 Year-35.48%
Volatility
ATR(14)1.88
ATR(20)%1.85%
ATR Inc22.28%
Range Today2.12
ADR(20)1.36
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.27
Mansfield0.59
10 Day High100.32
10 Day Low93.58
20 Day High100.32
20 Day Low89.11
52 Week High100.32
52 Week Low82.35
CS1 End92.77
CR1 Start100.15
Volume & EV
DER(3)-1.01%
DER(5)-1.63%
Volume380.30K
Volume Incr70.7%
Vol(5)403.42K
Vol(50)245.89K