PLUG POWER INC. - 15 min. - Technical analysis published on 03/11/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 25.79 USD
My targets
26.82 USD (+3.60%)
27.76 USD (+7.21%)
My analysis
PLUG POWER INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 25.79 USD. The next resistance located at 26.82 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 27.76 USD. After this resistance, buyers could then target 28.79 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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This analysis was given by Sueyoshi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PLUG POWER INC. rating 25.89 USD. The price registered a decrease of -1.15% on the session and was traded between 24.75 USD and 26.72 USD over the period. The price is currently at +4.61% from its lowest and -3.11% from its highest.24.75
26.72
25.89
The Central Gaps scanner detects a bearish 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
Here is a more detailed summary of the historical variations registered by PLUG POWER INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this PLUG POWER INC. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.89 | 21.95 | 24.15 | 25.89 | 25.96 | 26.72 | 29.14 |
| Change (%) | -19.31% | -15.22% | -6.72% | - | +0.27% | +3.21% | +12.55% |
| Change | -5.00 | -3.94 | -1.74 | - | +0.07 | +0.83 | +3.25 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 22.88 | 23.82 | 24.85 | 25.79 | 26.82 | 27.76 | 28.79 |
| Camarilla | 25.35 | 25.53 | 25.71 | 25.89 | 26.07 | 26.25 | 26.43 |
| Woodie | 22.94 | 23.84 | 24.91 | 25.81 | 26.88 | 27.78 | 28.85 |
| Fibonacci | 23.82 | 24.57 | 25.03 | 25.79 | 26.54 | 27.00 | 27.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.88 | 20.82 | 21.94 | 23.88 | 25.00 | 26.94 | 28.06 |
| Camarilla | 22.23 | 22.51 | 22.79 | 23.07 | 23.35 | 23.63 | 23.91 |
| Woodie | 18.48 | 20.62 | 21.54 | 23.68 | 24.60 | 26.74 | 27.66 |
| Fibonacci | 20.82 | 21.99 | 22.71 | 23.88 | 25.05 | 25.77 | 26.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.95 | 15.62 | 20.46 | 23.13 | 27.97 | 30.64 | 35.48 |
| Camarilla | 23.23 | 23.91 | 24.60 | 25.29 | 25.98 | 26.67 | 27.36 |
| Woodie | 14.03 | 16.16 | 21.54 | 23.67 | 29.05 | 31.18 | 36.56 |
| Fibonacci | 15.62 | 18.49 | 20.27 | 23.13 | 26.00 | 27.78 | 30.64 |
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): | 63.31 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 16.44 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 25.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.14 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 25.11 | |
| Zig ZAG (10): | 25.89 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 93.96 | |
| TEMA (21): | 25.68 | |
| Williams %R (14): | -9.32 | |
| Chande Momentum Oscillator (20): | 0.91 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 4.96 |
| MA7: | 24.71 | |
| MA20: | 23.30 | |
| MA50: | 23.30 | |
| MA100: | 29.88 | |
| MAexp7: | 25.69 | |
| MAexp20: | 25.49 | |
| MAexp50: | 25.39 | |
| MAexp100: | 25.10 | |
| Price / MA7: | +4.78% | |
| Price / MA20: | +11.12% | |
| Price / MA50: | +11.12% | |
| Price / MA100: | -13.35% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +1.57% | |
| Price / MAexp50: | +1.97% | |
| Price / MAexp100: | +3.15% |
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:
- Thinking about buying stock in Exela Technologies, Robinhood Markets, Plug Power, BlackBerry, or Juniper Networks?
- Thinking about buying stock in Aptorum Group, Ford Motor, American Airlines, Luminar Technologies, or Plug Power?
- Thinking about buying stock in FREYR Battery, Calliditas Therapeutics, Plug Power, Doma, or ATAI Life Sciences?
- Thinking about buying stock in Siyata Mobile, Lucid Group, Plug Power, Norwegian Cruise Line, or TESSCO Technologies?
- Thinking about buying stock in Meten Holding, Lucid Group, ReTo Eco-Solutions, Marathon Oil, or Plug Power?
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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