PLUG POWER INC. - Daily - Technical analysis published on 09/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 2.22 USD
My targets
2.04 USD (-5.99%)
1.70 USD (-21.66%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on PLUG POWER INC.. As long as you are under the resistance located at 2.22 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.04 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.70 USD as an objective. Crossing it would then enable sellers to target 1.43 USD. If the resistance 2.22 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLUG POWER INC. rating is 2.17 USD. The price registered an increase of +0.00% on the session and was between 2.14 USD and 2.24 USD. This implies that the price is at +1.40% from its lowest and at -3.13% from its highest.2.14
2.24
2.17
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PLUG POWER INC. in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 1.43 | 1.70 | 2.04 | 2.17 | 2.22 | 2.44 | 2.66 |
Change (%) | -34.10% | -21.66% | -5.99% | - | +2.30% | +12.44% | +22.58% |
Change | -0.74 | -0.47 | -0.13 | - | +0.05 | +0.27 | +0.49 |
Level | Major | Major | Major | - | Major | Minor | Major |
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 | 2.09 | 2.11 | 2.14 | 2.16 | 2.19 | 2.21 | 2.24 |
Camarilla | 2.16 | 2.16 | 2.17 | 2.17 | 2.18 | 2.18 | 2.18 |
Woodie | 2.10 | 2.11 | 2.15 | 2.16 | 2.20 | 2.21 | 2.25 |
Fibonacci | 2.11 | 2.13 | 2.14 | 2.16 | 2.18 | 2.19 | 2.21 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.87 | 1.98 | 2.04 | 2.15 | 2.21 | 2.32 | 2.38 |
Camarilla | 2.06 | 2.08 | 2.09 | 2.11 | 2.13 | 2.14 | 2.16 |
Woodie | 1.86 | 1.97 | 2.03 | 2.14 | 2.20 | 2.31 | 2.37 |
Fibonacci | 1.98 | 2.04 | 2.08 | 2.15 | 2.21 | 2.25 | 2.32 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.87 | 2.01 | 2.11 | 2.26 | 2.36 | 2.50 | 2.60 |
Camarilla | 2.14 | 2.17 | 2.19 | 2.21 | 2.23 | 2.26 | 2.28 |
Woodie | 1.84 | 2.00 | 2.09 | 2.25 | 2.33 | 2.49 | 2.58 |
Fibonacci | 2.01 | 2.11 | 2.17 | 2.26 | 2.35 | 2.41 | 2.50 |
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): | 50.19 | |
MACD (12,26,9): | -0.0200 | |
Directional Movement: | -1.53 | |
AROON (14): | 14.28 | |
DEMA (21): | 2.13 | |
Parabolic SAR (0,02-0,02-0,2): | 1.94 | |
Elder Ray (13): | 0.04 | |
Super Trend (3,10): | 2.24 | |
Zig ZAG (10): | 2.17 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 75.68 | |
TEMA (21): | 2.15 | |
Williams %R (14): | -21.62 | |
Chande Momentum Oscillator (20): | 0.16 | |
Repulse (5,40,3): | 0.6200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.2000 | |
Courbe Coppock: | 6.70 |
MA7: | 2.15 | |
MA20: | 2.13 | |
MA50: | 2.20 | |
MA100: | 2.36 | |
MAexp7: | 2.15 | |
MAexp20: | 2.16 | |
MAexp50: | 2.21 | |
MAexp100: | 2.23 | |
Price / MA7: | +0.93% | |
Price / MA20: | +1.88% | |
Price / MA50: | -1.36% | |
Price / MA100: | -8.05% | |
Price / MAexp7: | +0.93% | |
Price / MAexp20: | +0.46% | |
Price / MAexp50: | -1.81% | |
Price / MAexp100: | -2.69% |
News
The latest news and videos published on PLUG POWER INC. at the time of the analysis were as follows:
- Plug Power Inc. - PLUG Stock Chart Technical Analysis for 08-05-2019
- Plug Power Inc. - PLUG Stock Chart Technical Analysis for 06-19-2019
- Plug Power Inc. - PLUG Stock Chart Technical Analysis for 06-10-2019
- Plug Power Inc. - PLUG Stock Chart Technical Analysis for 05-28-2019
- Plug Power Inc. - PLUG Stock Chart Technical Analysis for 05-20-2019
This member declared not having a position on this financial instrument or a related financial instrument.
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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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