PLUG POWER INC. - Daily - Technical analysis published on 02/01/2024 (GMT)
- 121
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 3.85 USD and 4.79 USD
My targets
-
My analysis
The short-term increase on PLUG POWER INC. remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 4.79 USD. The first support is located at 3.85 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLUG POWER INC. price is 4.45 USD. On the day, this instrument gained +19.30% 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 Daily of this PLUG POWER INC. chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.03 | 4.45 | 4.79 | 8.86 | 10.91 |
| Change (%) | -31.91% | - | +7.64% | +99.10% | +145.17% |
| Change | -1.42 | - | +0.34 | +4.41 | +6.46 |
| Level | Major | - | 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 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.53 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 19.98 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.61 | |
| Elder Ray (13): | 0.76 | |
| Super Trend (3,10): | 3.00 | |
| Zig ZAG (10): | 4.45 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 78.55 | |
| TEMA (21): | 3.59 | |
| Williams %R (14): | -15.12 | |
| Chande Momentum Oscillator (20): | 1.01 | |
| Repulse (5,40,3): | 10.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.9500 | |
| Courbe Coppock: | 15.27 |
| MA7: | 3.71 | |
| MA20: | 3.62 | |
| MA50: | 3.97 | |
| MA100: | 5.34 | |
| MAexp7: | 3.75 | |
| MAexp20: | 3.70 | |
| MAexp50: | 4.22 | |
| MAexp100: | 5.38 | |
| Price / MA7: | +19.95% | |
| Price / MA20: | +22.93% | |
| Price / MA50: | +12.09% | |
| Price / MA100: | -16.67% | |
| Price / MAexp7: | +18.67% | |
| Price / MAexp20: | +20.27% | |
| Price / MAexp50: | +5.45% | |
| Price / MAexp100: | -17.29% |
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.
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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