Plug Power Technical Analysis (NASDAQ:PLUG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Plug Power stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PLUG stock chart which creates a trading signal.
See Plug Power bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Plug Power stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Plug Power Moving Average
Moving averages show the average price of PLUG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.89 is below the price of $1.91.
Plug Power Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PLUG stock. The stock price is trading between the average and the upper band in the context of Plug Power bollinger bands.
Plug Power Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Plug Power MACD indicator can be used to identify bullish and bearish trends for the stock.
Plug Power Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of PLUG stock is 48.81.