Profitable Automation: Trader Algorithm Sparks +10.9% Surge for $PLUG
One such tool, the "Swing trader: Volatility Balanced Strategy v.2 (TA)," recently demonstrated its prowess by generating a noteworthy +10.9% gain while trading PLUG over the course of the previous week. In this article, we delve into the technical analysis of PLUG's recent performance, exploring key indicators and earning results that can guide traders in navigating market volatility.
PLUG's Indicator Enters Downward Trend: On November 21, 2023, PLUG's Aroon Indicator entered a downward trend, catching the attention of Tickeron's A.I.dvisor. The AroonDown red line surged above 70, while the AroonUp green line dipped below 30 for three consecutive days. This pattern often signals a robust downward move for the stock. With a historical analysis of 265 similar instances, A.I.dvisor found that in 89% of cases, stocks moved lower when exhibiting this Aroon Indicator pattern. Traders may consider this as an opportunity to sell the stock or explore put options.
Earnings Report Overview: PLUG's most recent earnings report on November 09 revealed earnings per share of -46 cents, missing the estimated -31 cents. With 12.00M shares outstanding, the current market capitalization stands at 2.07B. This financial snapshot provides valuable insights into the company's recent performance, setting the stage for further analysis.
Market Capitalization Comparison: Comparing PLUG's market capitalization to the industry average and peers, we find that the average market capitalization across the Electrical Products Industry is 3.81B. The industry's market cap range spans from 750 to 181.26B, with notable outliers such as NISSF at the upper end and EDYYF at the lower end. Understanding PLUG's market position relative to industry benchmarks is crucial for investors seeking to make informed decisions.
Price Movement Insights: Analyzing price movement across the Electrical Products Industry, we observe that the average weekly price growth was stagnant at 0%. However, monthly and quarterly averages tell a more dynamic story, with 3% growth and a significant -20% contraction, respectively. Among PLUG's peers, ISUN experienced the highest price growth at 49%, while SING suffered the most significant decline at -74%. These insights help contextualize PLUG's price movements within the broader industry landscape.
Volume Dynamics: Volume is a key metric for assessing market interest and liquidity. The average weekly volume growth across all stocks in the Electrical Products Industry was -15%. Monthly and quarterly averages showed more positive trends, with 36% and 16% growth, respectively. Understanding volume dynamics aids traders in gauging market sentiment and potential trading opportunities.
Summary: As we navigate the complexities of the stock market, technical analysis and AI-driven trading tools like "Swing trader: Volatility Balanced Strategy v.2 (TA)" provide valuable insights. Traders and investors in PLUG can benefit from understanding the recent downward trend identified by the Aroon Indicator, coupled with a comprehensive analysis of earnings, market capitalization, price movements, and volume dynamics. These multifaceted insights empower market participants to make informed decisions in the face of market volatility.
PLUG in upward trend: 10-day moving average moved above 50-day moving average on December 05, 2024
The 10-day moving average for PLUG crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 20, 2024. You may want to consider a long position or call options on PLUG as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PLUG just turned positive on December 20, 2024. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
PLUG moved above its 50-day moving average on December 04, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in of 255 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 177 cases where PLUG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 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 .
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 December 09, 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PLUG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 (4.050). P/E Ratio (0.000) is within average values for comparable stocks, (40.807). 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 (0.096) among similar stocks. P/S Ratio (2.298) is also within normal values, averaging (134.192).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 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 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.
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 79, placing this stock worse than average.
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Industry ElectricalProducts