PLUG Earnings Historical MovesPLUG is going to report earnings on Nov 09, 2020 Before Market Open
The options market overestimated PLUG stocks earnings move 83% of the time in the last 12 quarters. As you will see bellow, this historical data (overestimated move 83%) could give us an edge on straddles or strangles with short expires (weekly).
Predicted move after earnings: ±12.6% on average. Actual earnings move after earnings: 6.3%. Because the actual move is more likely to occur, we can make the assumption that the price will fall within the overestimated move. To follow this idea click on trading view link.
Predicted ±$2.37 (12.6%) Historical Moves
BULL = $21.23
BEAR = $16.48
Actual ±$1.18 (6.3%) Historical Moves
BULL = $20.04
BEAR = $17.67
Thanks for reviewing my Idea
PLUN trade ideas
Plug Power | Higher High?One of my go-to stocks with an excellent looking TA. Hydrogen stocks are populair at the moment among the renewable energy market. The increased interest and adoption of fuel-cells solutions, and future hydrogen stations, makes Plug Power Inc. an interesting stock to put on your radar. Moreover, it will be even more interesting when it can benefit from the Biden-Harris ‘ticket’ and their $2 trillion climate plan.
Additional Info:
• November 9, PLUG will announce Q3 2020 results (the company had some difficulties regarding achieving profitable growth, but are now in the good direction).
• Plug Power remains on track with the ‘Gigafactory’ and its $1.2B revenue plan.
• Plug Power’s largest customers like Amazon, Walmart and Kroger are benefiting from strong demand for its products.
• Plug Power vertically integrated two hydrogen companies, which grown Plug Power’s opportunities.
PLUG Looks Technically Good but a Few Concerns AheadIn this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see.
The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement.
Bull Cases
1) Our indicator is showing a trend change with velocity
2) We are in a zone the MAD has historically considered oversold and has reversed from
3) We have made a higher low while managing to appear steeply oversold on the MAD
4) Possible positive response from president
Bear Cases:
1) We established a megaphone pattern which concerns me.
2) Earnings are released Nov 5. and if they disappoint that could severely impact the integrity of our 5 month bull trend.
3) We don't have a lot of support beneath us.
4) Possible negative response from president
I'll let you make the decision which case looks stronger to you.
NASDAQ:PLUG
Indicator: Moving Average Delta Indicator by KIVANC fr3762
PLUG ConsolidationPLUG has been in a consolidation pattern for the last week. Watch for a breakout out of the wedge to previous structure. Renewable energy stocks have been on a tear pricing in a Biden presidential win and new green energy policies. If Trump wins re-election, PLUG and other renewable energy company's outlook will be bearish.
For anyone afraid to get inMoving average indicators, volume and MACD looks good so far.
Looks to me like right now is a good time to buy, with a little caution of course. If this goes red then might need to revisit.
Price Target EOY is $20
Price Target NOV 2021 $50 if this picks up wind with clean energy demand.