PHOTRONICS INC. - Daily - Technical analysis published on 12/11/2024 (GMT)
- 62
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above
My targets
()
()
My analysis
The bullish trend is currently very strong on PHOTRONICS INC.. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. 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
0
10
8.4
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This analysis was given by gsanzmagallon. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PHOTRONICS INC. rating is 28.75 USD. The price registered an increase of +13.55% on the session and was between 27.82 USD and 31.60 USD. This implies that the price is at +3.34% from its lowest and at -9.02% from its highest.27.82
31.60
28.75
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PHOTRONICS INC. in Daily shows a strongly overall bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 24.47 | 25.78 | 27.98 | 28.75 | 29.38 | 33.84 |
| Change (%) | -14.89% | -10.33% | -2.68% | - | +2.19% | +17.70% |
| Change | -4.28 | -2.97 | -0.77 | - | +0.63 | +5.09 |
| Level | Minor | Major | Minor | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.34 | 24.74 | 25.03 | 25.43 | 25.72 | 26.12 | 26.41 |
| Camarilla | 25.13 | 25.19 | 25.26 | 25.32 | 25.38 | 25.45 | 25.51 |
| Woodie | 24.29 | 24.71 | 24.98 | 25.40 | 25.67 | 26.09 | 26.36 |
| Fibonacci | 24.74 | 25.00 | 25.17 | 25.43 | 25.69 | 25.86 | 26.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.16 | 23.68 | 24.46 | 24.98 | 25.76 | 26.28 | 27.06 |
| Camarilla | 24.89 | 25.01 | 25.13 | 25.25 | 25.37 | 25.49 | 25.61 |
| Woodie | 23.30 | 23.75 | 24.60 | 25.05 | 25.90 | 26.35 | 27.20 |
| Fibonacci | 23.68 | 24.17 | 24.48 | 24.98 | 25.47 | 25.78 | 26.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.67 | 21.28 | 23.09 | 24.70 | 26.51 | 28.12 | 29.93 |
| Camarilla | 23.97 | 24.28 | 24.60 | 24.91 | 25.22 | 25.54 | 25.85 |
| Woodie | 19.78 | 21.33 | 23.20 | 24.75 | 26.62 | 28.17 | 30.04 |
| Fibonacci | 21.28 | 22.58 | 23.39 | 24.70 | 26.00 | 26.81 | 28.12 |
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): | 70.34 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 38.76 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 25.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.03 | |
| Elder Ray (13): | 4.16 | |
| Super Trend (3,10): | 25.65 | |
| Zig ZAG (10): | 28.87 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 69.11 | |
| TEMA (21): | 26.24 | |
| Williams %R (14): | -36.65 | |
| Chande Momentum Oscillator (20): | 3.89 | |
| Repulse (5,40,3): | -7.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 11.24 |
| MA7: | 25.62 | |
| MA20: | 24.94 | |
| MA50: | 24.42 | |
| MA100: | 24.02 | |
| MAexp7: | 26.05 | |
| MAexp20: | 25.24 | |
| MAexp50: | 24.67 | |
| MAexp100: | 24.72 | |
| Price / MA7: | +12.22% | |
| Price / MA20: | +15.28% | |
| Price / MA50: | +17.73% | |
| Price / MA100: | +19.69% | |
| Price / MAexp7: | +10.36% | |
| Price / MAexp20: | +13.91% | |
| Price / MAexp50: | +16.54% | |
| Price / MAexp100: | +16.30% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on PHOTRONICS INC. at the time of the analysis were as follows:
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Photronics, Inc. (NASDAQ: PLAB)
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Photronics, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
-
Photronics, Inc. - PLAB Stock Chart Technical Analysis for 07-23-2019
- Photronics, Inc. to Host Earnings Call
- Photronics, Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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