PHOTRONICS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PLAB
ISIN:

PHOTRONICS INC. - Weekly - Technical analysis published on 01/04/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 25.78 USD

My targets

33.06 USD (+11.04%)

35.83 USD (+20.37%)

My analysis

The bullish trend is currently very strong on PHOTRONICS INC.. As long as the price remains above the support at 25.78 USD, you could try to benefit from the boom. The first bullish objective is located at 33.06 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.83 USD as an objective. Crossing it would then enable buyers to target 40.30 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ardacura__. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PHOTRONICS INC. rating 29.77 USD. The price is lower by -7.00% over the 5 days and has been traded over the last 5 days between 29.39 USD and 31.17 USD. This implies that the 5 day price is +1.29% from its lowest point and -4.49% from its highest point.

29.39

31.17

29.77

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PHOTRONICS INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this PHOTRONICS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Black evening star

Type : Bearish

Timeframe : Weekly

Downside gap

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	14.22	19.20	25.78	29.77
Change (%)	-52.23%	-35.51%	-13.40%	-
Change	-15.55	-10.57	-3.99	-
Level	Major	Minor	Major	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.79	28.59	29.18	29.98	30.57	31.37	31.96
Camarilla	29.39	29.52	29.64	29.77	29.90	30.03	30.15
Woodie	27.69	28.54	29.08	29.93	30.47	31.32	31.86
Fibonacci	28.59	29.12	29.45	29.98	30.51	30.84	31.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.61	30.46	30.91	31.76	32.21	33.06	33.51
Camarilla	31.01	31.13	31.25	31.37	31.49	31.61	31.73
Woodie	29.42	30.36	30.72	31.66	32.02	32.96	33.32
Fibonacci	30.46	30.95	31.26	31.76	32.25	32.56	33.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.51	15.98	23.67	28.14	35.83	40.30	47.99
Camarilla	28.03	29.14	30.26	31.37	32.49	33.60	34.71
Woodie	13.13	16.79	25.29	28.95	37.45	41.11	49.61
Fibonacci	15.98	20.62	23.49	28.14	32.78	35.65	40.30

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):	68.37
MACD (12,26,9):	2.1500
Directional Movement:	25.61
AROON (14):	57.15
DEMA (21):	26.41
Parabolic SAR (0,02-0,02-0,2):	19.62
Elder Ray (13):	5.00
Super Trend (3,10):	25.33
Zig ZAG (10):	29.77
VORTEX (21):	1.1400
Stochastique (14,3,5):	90.24
TEMA (21):	27.84
Williams %R (14):	-19.42
Chande Momentum Oscillator (20):	9.49
Repulse (5,40,3):	9.3500
ROCnROLL:	1
TRIX (15,9):	0.6100
Courbe Coppock:	63.22

MA7:	31.44
MA20:	27.56
MA50:	23.16
MA100:	22.12
MAexp7:	27.42
MAexp20:	24.06
MAexp50:	21.72
MAexp100:	19.70
Price / MA7:	-5.31%
Price / MA20:	+8.02%
Price / MA50:	+28.54%
Price / MA100:	+34.58%
Price / MAexp7:	+8.57%
Price / MAexp20:	+23.73%
Price / MAexp50:	+37.06%
Price / MAexp100:	+51.12%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on PHOTRONICS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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