Plug Power stock price down 0% on Friday
(Updated on Oct 29, 2021)
Buy or Hold candidate since 2021-10-07 Gain 31.89% PDF
No changes to the price of Plug Power stock on the last trading day (Friday, 29th Oct 2021). During the day the stock fluctuated 0% from a day low at $34.41 to a day high of $34.41. The price has risen in 5 of the last 10 days and is up by 8.17% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $35.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23% during the next 3 months and, with a 90% probability hold a price between $32.23 and $43.29 at the end of this 3-month period.
Signals & Forecast
The Plug Power stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.88 and $28.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, October 26, 2021, and so far it has risen 0.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
Plug Power finds support from accumulated volume at $33.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 4.13%
Our recommended stop-loss: $32.58 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Is Plug Power stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Plug Power stock to perform well in the short-term.
Current score: 4.271
Predicted Opening Price for Plug Power of Monday, November 1, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 1, 2021||Current price|
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On Oct 20, 2021 "Truist" gave "$29.00 - $36.00" rating for PLUG. The price target was changed from $32.83 to 1.8%.
PLUG Insider Trading
|Oct 01, 2021||Buy||367||Harriman Kim||Common Stock|
|Oct 01, 2021||Buy||416||Helmer Maureen O||Common Stock|
|Oct 01, 2021||Buy||636||Mcnamee George C||Common Stock|
|Oct 01, 2021||Buy||392||Kenausis Gregory||Common Stock|
|Oct 01, 2021||Buy||480||Roth Johannes Minho||Common Stock|
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