POET TECHNOLOGIES INC(TSX-V:PTK) stock Technical Analysis

Technical Rating and Analysis

Taking everything into account, PTK scores 10 out of 10 in our technical rating. In the last year, PTK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that PTK is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, PTK also shows a nice and consistent pattern of rising prices.

PTK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PTK is lagging the market slightly.

In the last month PTK has a been trading in the 5.28 - 6.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POET TECHNOLOGIES INC / PTK Weekly stock chart

POET TECHNOLOGIES INC / PTK Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, PTK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.67

6.66

We found 3 important support areas.

A support zone ranging from 5.99 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 5.12 to 5.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Support @4.72 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @6.42 from a trend line in the daily time frame.
A resistance zone ranging from 6.57 to 6.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 PTK.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PTK.CA is up.
ChartMill Relative Strength	94.44	POSITIVE	PTK.CA has a high relative strength, it outperformed 94.44% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PTK.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PTK.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PTK.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.77	NEUTRAL	The RSI value for PTK.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PTK.CA has a negative trend.
Stochastics (14,3)	45.51	NEUTRAL	The Stochastics value for PTK.CA is a neutral value.
Average True Range in percent/ATR (20)	5.47	HIGH VOLATILITY	The high ATR as a percentage value for PTK.CA suggests high volalility.
Average Directional Index/ADX (14)	19.1	NEGATIVE	The low ADX value for PTK.CA suggests a weak or negative trend.