PLUG, MACD Histogram just turned negative
This 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%.
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%.
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