PLUG POWER INC. - 1H - Technical analysis published on 01/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 15.68 USD
My targets
16.81 USD (+1.94%)
17.89 USD (+8.49%)
My analysis
PLUG POWER INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.68 USD. The next resistance located at 16.81 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 17.89 USD. After this resistance, buyers could then target 20.04 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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. price is 16.49 USD. On the day, this instrument lost -1.79% and was between 15.98 USD and 16.81 USD. This implies that the price is at +3.19% from its lowest and at -1.90% from its highest.15.98
16.81
16.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PLUG POWER INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.28 | 15.18 | 15.68 | 16.49 | 16.81 | 17.89 | 20.04 |
| Change (%) | -13.40% | -7.94% | -4.91% | - | +1.94% | +8.49% | +21.53% |
| Change | -2.21 | -1.31 | -0.81 | - | +0.32 | +1.40 | +3.55 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.21 | 15.60 | 16.04 | 16.43 | 16.87 | 17.26 | 17.70 |
| Camarilla | 16.26 | 16.34 | 16.41 | 16.49 | 16.57 | 16.64 | 16.72 |
| Woodie | 15.25 | 15.61 | 16.08 | 16.44 | 16.91 | 17.27 | 17.74 |
| Fibonacci | 15.60 | 15.91 | 16.11 | 16.43 | 16.74 | 16.94 | 17.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.33 | 12.49 | 14.49 | 15.65 | 17.65 | 18.81 | 20.81 |
| Camarilla | 15.62 | 15.91 | 16.20 | 16.49 | 16.78 | 17.07 | 17.36 |
| Woodie | 11.75 | 12.70 | 14.91 | 15.86 | 18.07 | 19.02 | 21.23 |
| Fibonacci | 12.49 | 13.70 | 14.44 | 15.65 | 16.86 | 17.60 | 18.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.80 | 8.64 | 10.51 | 13.35 | 15.22 | 18.06 | 19.93 |
| Camarilla | 11.08 | 11.51 | 11.94 | 12.37 | 12.80 | 13.23 | 13.67 |
| Woodie | 5.31 | 8.40 | 10.02 | 13.11 | 14.73 | 17.82 | 19.44 |
| Fibonacci | 8.64 | 10.44 | 11.55 | 13.35 | 15.15 | 16.26 | 18.06 |
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): | 65.46 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 20.77 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 16.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.76 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 15.70 | |
| Zig ZAG (10): | 16.49 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 65.62 | |
| TEMA (21): | 16.76 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.39 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5900 | |
| Courbe Coppock: | 7.45 |
| MA7: | 14.96 | |
| MA20: | 13.50 | |
| MA50: | 14.58 | |
| MA100: | 18.75 | |
| MAexp7: | 16.46 | |
| MAexp20: | 16.08 | |
| MAexp50: | 15.04 | |
| MAexp100: | 14.27 | |
| Price / MA7: | +10.23% | |
| Price / MA20: | +22.15% | |
| Price / MA50: | +13.10% | |
| Price / MA100: | -12.05% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +2.55% | |
| Price / MAexp50: | +9.64% | |
| Price / MAexp100: | +15.56% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on PLUG POWER INC. at the time of the generation of this analysis was as follows:
- Thinking about buying stock in Lucira Health, RedHill Biopharma, Plug Power, IQIYI, or Bilibili?
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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