PLUG, MACD Histogram just turned positiveThis is a Bullish indicator signaling PLUG's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 44 similar cases where PLUG's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 80%. Current price $32.90 is above $15.50 the highest support line found by Tickeron A.I. Throughout the month of 11/16/20 - 12/17/20, the price experienced a +22% Uptrend. During the week of 12/10/20 - 12/17/20, the stock enjoyed a +12% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 15, 2020. You may want to consider a long position or call options on PLUG as a result. Tickeron A.I. detected that in 67 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for PLUG just turned positive on December 17, 2020. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 35 of 44 cases over the following month. The odds of a continued upward trend are 80%.
Following a +0.88% 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in 186 of 229 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 125 of 167 cases where PLUG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%
PLUN trade ideas
PLUG support and reverse soonCramer kiss of death initiated the red days, before it runs.
Price Target Raise to 30 by Roth Capital
Recently added yard trucks and autonomous vehicles to portfolio
Fib retracement lines coming in a popular buying zone, and support line at around the high 23s.
RSI finally cooling back to correction. Could initiate a position in this area and add on dips.
Long #PLUG solar sectorTarget set for #Plug above 28.72
Im watching for a breakout off the current trend bringing us above the upper trend line.
That is where i would expect resistance until its breached.
Lower trend line under it would be expected support, with the bottom most trend line being a possibility if we fall out of trend.
Id stop out below 21.78, if you want to tighten it up, you could look at 23.37
plug still bullish until breakdownbears are here but i dont know if theyre going to be able to push it too much lower. sold about half since the daily looked like sht.
still bullish as long as we hold above the lower trend line.
i dont like posting charts like this cuz i know big dicc money is like "oh look retails drawing this cute little triangle" then nuke it lol
PLUG catalystPLUG was rejected at the $29 November 24 we dropped back to $26 as we held support
PLUG reattempted to retest the $27 level and failed to hold resulting in the retest of the previous support level of $26 as we held support PLUG attempted to close above the VWAP for the day and failed.
November 25 PLUG saw the $25 low as a support we retested the $26 level again held it as a support.
Scenario A: We open strong holding $26 as a support and push to make another attempt to retest the $29 dollar level
Scenario B: We see a retest of the $25 if we failed to hold we can see price back to $24
15 MIN- 52
HOURLY RSI - 54
DAILY RSI - 73
WEEKLY - 77.62
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has successfully completed one of the largest bought equity deal transactions in the broader clean-tech sector. This marks Plug Power’s largest capital raise in the Company’s history with approximately $1 billion of capital, bringing total cash post-closing balance to $1.7 billion. The capital raise uniquely positions Plug Power to execute and accelerate on its green hydrogen strategy as well as other strategic growth initiatives.
The first two green hydrogen plants are expected to be operational in 2022. All five plants are expected to be operational by 2024, with a total capacity of 100TPD. This would constitute the country's first nationwide green hydrogen network. The green hydrogen generated by this network will support the mission to decarbonize the broader transportation and logistics industries, a mission shared by both Plug Power and its customers. The Company's unmatched industry position as a total solutions provider will also help facilitate the anticipated rapid growth of the hydrogen economy. According to consultancy McKinsey & Company, the global hydrogen economy could reach $2.5 trillion by 2050, representing 18% of the global energy demand.