PLUG POWER INC. - 15 min. - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 4.42 USD
My targets
4.71 USD (+5.78%)
4.87 USD (+9.44%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.42 USD remains possible. It is advisable to trade PLUG POWER INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.42 USD. The next bullish objective for buyers is set at 4.71 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.87 USD. If there is any crossing, the next objective would be the resistance located at 5.29 USD. PS: if there is a bearish break in the support located at 4.42 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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Additional analysis
Quotes
The PLUG POWER INC. price is 4.45 USD. The price has increased by +19.30% since the last closing and was between 3.97 USD and 4.84 USD. This implies that the price is at +12.09% from its lowest and at -8.06% from its highest.3.97
4.84
4.45
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 15 min. of this PLUG POWER INC. chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.33 | 3.87 | 4.16 | 4.45 | 4.56 | 4.79 | 8.86 |
| Change (%) | -25.17% | -13.03% | -6.52% | - | +2.47% | +7.64% | +99.10% |
| Change | -1.12 | -0.58 | -0.29 | - | +0.11 | +0.34 | +4.41 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.13 | 3.55 | 4.00 | 4.42 | 4.87 | 5.29 | 5.74 |
| Camarilla | 4.21 | 4.29 | 4.37 | 4.45 | 4.53 | 4.61 | 4.69 |
| Woodie | 3.15 | 3.56 | 4.02 | 4.43 | 4.89 | 5.30 | 5.76 |
| Fibonacci | 3.55 | 3.88 | 4.09 | 4.42 | 4.75 | 4.96 | 5.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 2.05 | 2.72 | 3.38 | 4.05 | 4.71 | 5.38 |
| Camarilla | 3.03 | 3.16 | 3.28 | 3.40 | 3.52 | 3.64 | 3.77 |
| Woodie | 1.41 | 2.05 | 2.74 | 3.38 | 4.07 | 4.71 | 5.40 |
| Fibonacci | 2.05 | 2.56 | 2.87 | 3.38 | 3.89 | 4.20 | 4.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.63 | 3.20 | 3.85 | 4.42 | 5.07 | 5.64 | 6.29 |
| Camarilla | 4.17 | 4.28 | 4.39 | 4.50 | 4.61 | 4.72 | 4.84 |
| Woodie | 2.67 | 3.22 | 3.89 | 4.44 | 5.11 | 5.66 | 6.33 |
| Fibonacci | 3.20 | 3.67 | 3.95 | 4.42 | 4.89 | 5.17 | 5.64 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.37 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 6.41 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.76 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 4.40 | |
| Zig ZAG (10): | 4.45 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 12.92 | |
| TEMA (21): | 4.59 | |
| Williams %R (14): | -84.78 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.9000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5500 | |
| Courbe Coppock: | 1.83 |
| MA7: | 3.71 | |
| MA20: | 3.62 | |
| MA50: | 3.97 | |
| MA100: | 5.34 | |
| MAexp7: | 4.50 | |
| MAexp20: | 4.47 | |
| MAexp50: | 4.22 | |
| MAexp100: | 3.95 | |
| Price / MA7: | +19.95% | |
| Price / MA20: | +22.93% | |
| Price / MA50: | +12.09% | |
| Price / MA100: | -16.67% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | +5.45% | |
| Price / MAexp100: | +12.66% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on PLUG POWER INC. at the time of the analysis were as follows:
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Plug Power Inc. - PLUG
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Plug Power Inc. - PLUG
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Plug Power Inc. - PLUG
- Thinking about buying stock in Direct Digital Holdings, Organogenesis Holdings, Plug Power, Vuzix, or 2U Inc?
- Thinking about buying stock in Applied Therapeutics, Motus GI Holdings, Plug Power, Kinnate Biopharma, or Virgin Galactic Holdings?
This member declared not having a position on this financial instrument or a related financial instrument.
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