PLUG POWER INC. - 1H - Technical analysis published on 12/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 14.61 USD
My targets
16.18 USD (+5.75%)
16.85 USD (+10.11%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on PLUG POWER INC.. This is a positive signal for buyers. As long as the price remains above 14.61 USD, a purchase could be considered. The first bullish objective is located at 16.18 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.85 USD as an objective. Crossing it would then enable buyers to target 18.26 USD. In the event of a return below 14.61 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Martin Hanel. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLUG POWER INC. rating is 15.30 USD. On the day, this instrument gained +8.43% with the lowest point at 14.70 USD and the highest point at 15.59 USD. The deviation from the price is +4.08% for the low point and -1.86% for the high point.14.70
15.59
15.30
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this PLUG POWER INC. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.22 | 13.66 | 14.61 | 15.30 | 16.20 | 18.26 | 19.02 |
| Change (%) | -13.59% | -10.72% | -4.51% | - | +5.88% | +19.35% | +24.31% |
| Change | -2.08 | -1.64 | -0.69 | - | +0.90 | +2.96 | +3.72 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.44 | 13.20 | 13.65 | 14.41 | 14.86 | 15.62 | 16.07 |
| Camarilla | 13.78 | 13.89 | 14.00 | 14.11 | 14.22 | 14.33 | 14.44 |
| Woodie | 12.30 | 13.12 | 13.51 | 14.33 | 14.72 | 15.54 | 15.93 |
| Fibonacci | 13.20 | 13.66 | 13.94 | 14.41 | 14.87 | 15.15 | 15.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.78 | 11.53 | 12.44 | 14.19 | 15.10 | 16.85 | 17.76 |
| Camarilla | 12.63 | 12.87 | 13.12 | 13.36 | 13.60 | 13.85 | 14.09 |
| Woodie | 9.37 | 11.32 | 12.03 | 13.98 | 14.69 | 16.64 | 17.35 |
| Fibonacci | 11.53 | 12.54 | 13.17 | 14.19 | 15.20 | 15.83 | 16.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.16 | 12.24 | 14.10 | 16.18 | 18.04 | 20.12 | 21.98 |
| Camarilla | 14.88 | 15.24 | 15.60 | 15.96 | 16.32 | 16.68 | 17.04 |
| Woodie | 10.05 | 12.19 | 13.99 | 16.13 | 17.93 | 20.07 | 21.87 |
| Fibonacci | 12.24 | 13.75 | 14.68 | 16.18 | 17.69 | 18.62 | 20.12 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.74 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 25.79 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 14.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.18 | |
| Elder Ray (13): | 0.80 | |
| Super Trend (3,10): | 13.99 | |
| Zig ZAG (10): | 15.32 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 83.09 | |
| TEMA (21): | 14.95 | |
| Williams %R (14): | -13.99 | |
| Chande Momentum Oscillator (20): | 1.55 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 14.68 |
| MA7: | 13.99 | |
| MA20: | 15.03 | |
| MA50: | 16.36 | |
| MA100: | 21.05 | |
| MAexp7: | 14.78 | |
| MAexp20: | 14.33 | |
| MAexp50: | 14.31 | |
| MAexp100: | 14.65 | |
| Price / MA7: | +9.36% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | -6.48% | |
| Price / MA100: | -27.32% | |
| Price / MAexp7: | +3.52% | |
| Price / MAexp20: | +6.77% | |
| Price / MAexp50: | +6.92% | |
| Price / MAexp100: | +4.44% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on PLUG POWER INC.. At the time of publication of this analysis, the latest news was as follows:
- Thinking about buying stock in Panbela Therapeutics, SoFi Technologies, Immix Biopharma, Plug Power, or Carvana?
- Thinking about buying stock in Ambrx Biopharma, Plug Power, Hello Group, Credit Suisse, or Carvana?
- Thinking about buying stock in American Virtual Cloud Technologies, Bed Bath & Beyond, Lucid Group, Plug Power, or 9 Meters Biopharma?
- SHAREHOLDER ALERT: Plug Power Inc. (PLUG) Officers and Directors Under Investigation for Possible False Statements and Insider Trading
- Thinking about buying stock in Neurobo Pharmaceuticals, Plug Power, Mullen Automotive, Vinco Ventures, or Marathon Digital?
This member declared not having a position on this financial instrument or a related financial instrument.
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