PLUG POWER INC. - Daily - Technical analysis published on 12/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 16.18 USD
My targets
14.61 USD (-4.07%)
12.24 USD (-19.63%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 16.18 USD remains possible. It is advisable to trade PLUG POWER INC. with the greatest caution, while favouring short positions (for sale) 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. In case of crossing, the next objective would be the support located at 10.31 USD. PS: if there is a bullish break in the resistance located at 16.18 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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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
PLUG POWER INC. rating 15.23 USD. The price has increased by +7.94% since the last closing and was traded between 14.70 USD and 15.59 USD over the period. The price is currently at +3.61% from its lowest and -2.31% from its highest.14.70
15.59
15.23
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 an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 2.50 | 10.31 | 14.61 | 15.23 | 19.02 | 21.95 | 23.40 |
| Change (%) | -83.59% | -32.30% | -4.07% | - | +24.89% | +44.12% | +53.64% |
| Change | -12.73 | -4.92 | -0.62 | - | +3.79 | +6.72 | +8.17 |
| Level | Major | Major | Major | - | Minor | 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 | 12.44 | 13.20 | 13.65 | 14.41 | 14.86 | 15.62 | 16.07 |
| Camarilla | 13.78 | 13.89 | 14.00 | 14.11 | 14.22 | 14.33 | 14.44 |
| Woodie | 12.30 | 13.12 | 13.51 | 14.33 | 14.72 | 15.54 | 15.93 |
| Fibonacci | 13.20 | 13.66 | 13.94 | 14.41 | 14.87 | 15.15 | 15.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.78 | 11.53 | 12.44 | 14.19 | 15.10 | 16.85 | 17.76 |
| Camarilla | 12.63 | 12.87 | 13.12 | 13.36 | 13.60 | 13.85 | 14.09 |
| Woodie | 9.37 | 11.32 | 12.03 | 13.98 | 14.69 | 16.64 | 17.35 |
| Fibonacci | 11.53 | 12.54 | 13.17 | 14.19 | 15.20 | 15.83 | 16.85 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.66 | |
| MACD (12,26,9): | -0.7100 | |
| Directional Movement: | 1.27 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 13.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.22 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 16.29 | |
| Zig ZAG (10): | 15.31 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 41.17 | |
| TEMA (21): | 14.23 | |
| Williams %R (14): | -29.53 | |
| Chande Momentum Oscillator (20): | 0.40 | |
| Repulse (5,40,3): | -1.7800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6500 | |
| Courbe Coppock: | 18.18 |
| MA7: | 13.99 | |
| MA20: | 15.04 | |
| MA50: | 16.36 | |
| MA100: | 21.05 | |
| MAexp7: | 14.41 | |
| MAexp20: | 14.97 | |
| MAexp50: | 16.79 | |
| MAexp100: | 18.73 | |
| Price / MA7: | +8.86% | |
| Price / MA20: | +1.26% | |
| Price / MA50: | -6.91% | |
| Price / MA100: | -27.65% | |
| Price / MAexp7: | +5.69% | |
| Price / MAexp20: | +1.74% | |
| Price / MAexp50: | -9.29% | |
| Price / MAexp100: | -18.69% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on PLUG POWER INC. at the time of the generation of this analysis was as follows:
- Thinking about buying stock in Panbela Therapeutics, SoFi Technologies, Immix Biopharma, Plug Power, or Carvana?
- Thinking about buying stock in Ambrx Biopharma, Plug Power, Hello Group, Credit Suisse, or Carvana?
- 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?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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