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Jul 06, 2023

PLUG enjoys a profitable week with +6.85% growth from trading robot

The "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" bot, which recently demonstrated its prowess by generating a remarkable +6.85% gain while trading PLUG stocks over the previous week. This article will analyze the earning results and provide a technical analysis of the stock's potential for future growth.

Bullish Momentum and Potential for Future Growth:

The fact that PLUG stocks moved higher for three consecutive days is seen as a bullish sign in technical analysis. History suggests that such a pattern often leads to further price appreciation in the following month. Analyzing similar situations in the past, it is observed that in 218 out of 258 cases, the price continued to rise within the subsequent month. This statistical probability indicates an 84% chance of a continued upward trend, making PLUG an intriguing stock to watch for future growth.

Earnings Report and Market Capitalization:

The last earnings report for PLUG, released on May 09, revealed earnings per share (EPS) of -34 cents, missing the estimated -25 cents. While this result may appear negative at first glance, it's important to consider the broader context. The market capitalization of PLUG currently stands at 6.19 billion dollars, with 16.92 million shares outstanding. Despite the negative earnings figure, the market capitalization reflects the investor confidence and potential growth prospects associated with the company.

AI trading robots, exemplified by the "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" bot, have demonstrated their ability to generate impressive gains in the volatile market. The +6.85% gain achieved while trading PLUG stocks in the previous week is a testament to their efficacy. Furthermore, technical analysis suggests a strong likelihood of continued upward momentum for PLUG stocks, with historical data indicating an 84% chance of further price appreciation in the following month.

Investors and traders should keep a close eye on PLUG as it shows potential for future growth. However, it is crucial to consider the company's earnings performance, with the latest report showing a deviation from market estimates. Nevertheless, the current market capitalization reflects the broader market sentiment and confidence in PLUG's growth prospects.

Related Ticker: PLUG

PLUG's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for PLUG turned positive on July 08, 2024. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in of 265 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PLUG moved out of overbought territory on July 17, 2024. 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on July 19, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PLUG as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

PLUG moved below its 50-day moving average on July 19, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PLUG crossed bearishly below the 50-day moving average on July 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 of 62 cases within the following month. The odds of a continued downward trend are .

PLUG broke above its upper Bollinger Band on July 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PLUG entered a downward trend on July 12, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 69%.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.812) is normal, around the industry mean (4.021). P/E Ratio (0.000) is within average values for comparable stocks, (40.323). PLUG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.638). Dividend Yield (0.000) settles around the average of (0.094) among similar stocks. P/S Ratio (2.298) is also within normal values, averaging (132.707).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PLUG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PLUG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), FuelCell Energy (NASDAQ:FCEL), GrafTech International Ltd (NYSE:EAF).

Industry description

The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.

Market Cap

The average market capitalization across the Electrical Products Industry is 4.67B. The market cap for tickers in the group ranges from 750 to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is EDYYF at 750.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was -2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 6%. GELNF experienced the highest price growth at 33%, while VARTY experienced the biggest fall at -61%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -22% and the average quarterly volume growth was -26%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 64
Price Growth Rating: 52
SMR Rating: 80
Profit Risk Rating: 77
Seasonality Score: 8 (-100 ... +100)
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A.I.Advisor
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General Information

a developer of fuel cell technology and solutions

Industry ElectricalProducts

Profile
Fundamentals
Details
Industry
Electronic Components
Address
968 Albany Shaker Road
Phone
+1 518 782-7700
Employees
3868
Web
https://www.plugpower.com
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