Plexus Corp. Forecast and Stock Analysis
Technical PLXS stock analysis for March 15, 2019.
Plexus Corp. gained 1.37% in the last trading day, rising from $60.39 to $61.22 The price has fallen in 6 of the last 10 days and is down by -1.84% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 250 991 more shares were traded than the day before. In total, 361 807 shares bought and sold for approximately $22.15 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the PLXS stock was $61.22. This is 1.37% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.28% from a day low at $60.55 to a day high of $61.93.
30 day high of the PLXS stock price was $62.90 and low was $57.32.
90 day high was $62.90 and low was $47.63.
52 week high for the Plexus Corp. - $66.49 and low - $47.63.
Plexus Corp. lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $60.44 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.97% during the next 3 months and, with 90% probability hold a price between $75.53 and $80.63 at the end of this period.
Only positive signals in the chart today. Plexus Corp. holds buy signals from both short- and long-term moving averages. In addition, 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 $60.45 and $58.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $52.58 and $50.00.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Plexus Corp. finds support just below today's level at $52.58. If this is broken, then the next support from accumulated volume will be at $50.00 and $49.06.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.38 (2.28%) between high and low. For the last week, the stock has had a daily average volatility of 2.55%.
Our recommended stoploss: $57.93 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Strong Buy Candidate
Plexus Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.