PLUG POWER INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	PLUG
ISIN:

PLUG POWER INC. - Daily - Technical analysis published on 12/04/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 16.18 USD

My targets

14.61 USD (-7.59%)

12.24 USD (-22.58%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PLUG POWER INC. as long as the price remains well below 16.18 USD. The next bearish objective for sellers is set at 14.61 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.24 USD. If there is any crossing, the next objective would be the support located at 10.31 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.8

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 Martin Hanel. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PLUG POWER INC. rating 15.81 USD. On the day, this instrument gained +0.38% and was between 15.32 USD and 16.01 USD. This implies that the price is at +3.20% from its lowest and at -1.25% from its highest.

15.32

16.01

15.81

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of PLUG POWER INC. in Daily shows a overall strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.50	10.31	14.61	15.81	17.89	21.95	23.40
Change (%)	-84.19%	-34.79%	-7.59%	-	+13.16%	+38.84%	+48.01%
Change	-13.31	-5.50	-1.20	-	+2.08	+6.14	+7.59
Level	Minor	Major	Major	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

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	13.54	14.15	14.98	15.59	16.42	17.03	17.86
Camarilla	15.41	15.55	15.68	15.81	15.94	16.07	16.21
Woodie	13.65	14.21	15.09	15.65	16.53	17.09	17.97
Fibonacci	14.15	14.70	15.04	15.59	16.14	16.48	17.03

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):	45.69
MACD (12,26,9):	-0.5900
Directional Movement:	-1.16
AROON (14):	-71.42
DEMA (21):	15.04
Parabolic SAR (0,02-0,02-0,2):	17.16
Elder Ray (13):	-0.07
Super Trend (3,10):	17.97
Zig ZAG (10):	15.81
VORTEX (21):	0.9600
Stochastique (14,3,5):	30.86
TEMA (21):	15.61
Williams %R (14):	-70.00
Chande Momentum Oscillator (20):	-1.75
Repulse (5,40,3):	4.0500
ROCnROLL:	-1
TRIX (15,9):	-0.6200
Courbe Coppock:	6.81

MA7:	15.51
MA20:	15.84
MA50:	17.62
MA100:	21.30
MAexp7:	15.64
MAexp20:	15.98
MAexp50:	17.79
MAexp100:	19.55
Price / MA7:	+1.93%
Price / MA20:	-0.19%
Price / MA50:	-10.27%
Price / MA100:	-25.77%
Price / MAexp7:	+1.09%
Price / MAexp20:	-1.06%
Price / MAexp50:	-11.13%
Price / MAexp100:	-19.13%

Quotes : - 15 min delayed data - 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:

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

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