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PLUG POWER INC

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PLUN trade ideas

Plug Power Stock AnalysisTechnical Analysis: The idea is to go long, following the major Trend Possible Support Level 47.5 USD and 50usd Fundamental Analysis: The Idea is to go long Plug Power announced on Thursday a partnership with the Korean-based SK Group. Marsh said Plug Power's mission continues to be expanding the green hydrogen economy and their partnership with SK in Korea is another step forward in that mission. He said the conglomerate chose to work with Plug Power because they could "do it all," from building hydrogen fuel stations, to generating green hydrogen and even backup power facilities. NASDAQ:PLUG
NASDAQ:PLUGLong
by Mauriello
1
PLUG: Key Points to keep in mind!Hello traders and investors! Let’s analyze PLUG today! I never did a public analysis about it, so, it’ll be my first time here. First, we have a quite strong bull trend in the hourly chart, and we have some key points to keep in mind. The black line is an interesting point, as it was a resistance in the past, and a pivot point , so it is a good support candidate if PLUG corrects. Also, we have the 21 ema pointing up, which is another good sign. We have a classic Breakaway Gap , which was the trigger of this movement. This tells me that the bull trend will persist a little longer, but we can’t discard that it’ll do pullbacks in the future. If you are afraid of a pullback, just look the daily chart: Ok, so we can see the $ 46.95 from here too, but if PLUG loses this point and drops more, we’ll have a strong support area near the purple line region and the 21 ema. If PLUG hit there, I think this would be just an opportunity to buy (or buy more). I know we may have an Evening Doji Star candlestick pattern if it closes this way, but again, if triggered, this would be a pullback sign, not a reversal sign. Another thing to keep in mind is the high volume during this bullish leg, which is another good sign. This bull trend is real, so, pullbacks shouldn’t scare anyone around. If this movement had low volume, then it would be just speculation. Remember to support this analysis if it helped you and follow me to keep in touch with my daily studies. Thank you very much.
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
5
PLUG, MACD Histogram just turned negativeThis is a Bearish indicator signaling PLUG's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 43 similar cases where PLUG's MACD histogram became negative, and 36 of them led to successful outcomes. Odds of Success: 84%. Current price $32.40 is above $23.85 the highest resistance line found by Tickeron A.I. Throughout the month of 12/01/20 - 01/04/21, the price experienced a +31% Uptrend, while the week of 12/24/20 - 01/04/21 shows a -10% Downtrend. Bearish Trend Analysis The 10-day RSI Indicator for PLUG moved out of overbought territory on December 28, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In 30 of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at 86%. The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 40 of 52 cases where PLUG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 77%. The Moving Average Convergence Divergence Histogram (MACD) for PLUG turned negative on January 04, 2021. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In 36 of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at 84%. Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLUG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
NASDAQ:PLUGShort
by AlTorress
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock. This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance. Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
NASDAQ:PLUGLong
by NetWorthFocused