PLUG POWER INC. - Weekly - Technical analysis published on 12/04/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 18.04 USD
My targets
14.10 USD (-10.82%)
12.24 USD (-22.58%)
My analysis
The bearish basic trend is very strong on PLUG POWER INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 18.04 USD. Crossing the first support at 14.10 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 12.24 USD as an objective. Crossing it would then enable sellers to target 10.31 USD. Caution, a return to above the resistance located at 18.04 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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This analysis was given by Martin Hanel. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLUG POWER INC. rating is 15.81 USD. Over 5 days, this instrument gained +0.51% and was traded between 14.76 USD and 16.20 USD over the period. The price is currently at +7.15% from its lowest point and -2.41% from its highest point.14.76
16.20
15.81
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PLUG POWER INC.:
Technical
A technical analysis in Weekly of this PLUG POWER INC. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.50 | 10.31 | 15.81 | 21.95 | 31.75 | 44.55 |
| Change (%) | -84.19% | -34.79% | - | +38.84% | +100.82% | +181.78% |
| Change | -13.31 | -5.50 | - | +6.14 | +15.94 | +28.74 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 14.73 | 15.02 | 15.42 | 15.71 | 16.11 | 16.40 | 16.80 |
| Camarilla | 15.62 | 15.68 | 15.75 | 15.81 | 15.87 | 15.94 | 16.00 |
| Woodie | 14.78 | 15.05 | 15.47 | 15.74 | 16.16 | 16.43 | 16.85 |
| Fibonacci | 15.02 | 15.29 | 15.45 | 15.71 | 15.98 | 16.14 | 16.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.19 | 14.52 | 15.12 | 15.45 | 16.05 | 16.38 | 16.98 |
| Camarilla | 15.47 | 15.56 | 15.65 | 15.73 | 15.82 | 15.90 | 15.99 |
| Woodie | 14.34 | 14.59 | 15.27 | 15.52 | 16.20 | 16.45 | 17.13 |
| Fibonacci | 14.52 | 14.87 | 15.09 | 15.45 | 15.80 | 16.02 | 16.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.16 | 12.24 | 14.10 | 16.18 | 18.04 | 20.12 | 21.98 |
| Camarilla | 14.88 | 15.24 | 15.60 | 15.96 | 16.32 | 16.68 | 17.04 |
| Woodie | 10.05 | 12.19 | 13.99 | 16.13 | 17.93 | 20.07 | 21.87 |
| Fibonacci | 12.24 | 13.75 | 14.68 | 16.18 | 17.69 | 18.62 | 20.12 |
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): | 41.53 | |
| MACD (12,26,9): | -1.9200 | |
| Directional Movement: | -8.90 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 17.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.23 | |
| Elder Ray (13): | -2.84 | |
| Super Trend (3,10): | 25.12 | |
| Zig ZAG (10): | 15.81 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 8.73 | |
| TEMA (21): | 16.24 | |
| Williams %R (14): | -90.89 | |
| Chande Momentum Oscillator (20): | -14.11 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6800 | |
| Courbe Coppock: | 66.28 |
| MA7: | 15.51 | |
| MA20: | 15.84 | |
| MA50: | 17.62 | |
| MA100: | 21.30 | |
| MAexp7: | 16.82 | |
| MAexp20: | 19.37 | |
| MAexp50: | 21.93 | |
| MAexp100: | 22.51 | |
| Price / MA7: | +1.93% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -10.27% | |
| Price / MA100: | -25.77% | |
| Price / MAexp7: | -6.00% | |
| Price / MAexp20: | -18.38% | |
| Price / MAexp50: | -27.91% | |
| Price / MAexp100: | -29.76% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on PLUG POWER INC.. At the time of publication of this analysis, the latest news was as follows:
- Thinking about buying stock in American Virtual Cloud Technologies, Bed Bath & Beyond, Lucid Group, Plug Power, or 9 Meters Biopharma?
- SHAREHOLDER ALERT: Plug Power Inc. (PLUG) Officers and Directors Under Investigation for Possible False Statements and Insider Trading
- Thinking about buying stock in Neurobo Pharmaceuticals, Plug Power, Mullen Automotive, Vinco Ventures, or Marathon Digital?
- Thinking about buying stock in American Virtual Cloud Technologies, Annaly Capital Management, Plug Power, Newage, or Globalstar?
- Thinking about buying stock in Nio, General Electric, Qualcomm, Plug Power, or Coinbase Global?
This member declared not having a position on this financial instrument or a related financial instrument.
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