Plug Power stock: buy or sell
Updated on:
Jul 29th, 2021
1
Plug Power stock brief
- Plug Power stock skyrocketed 4.82% to close at $27.83 on the stock market on Wednesday.
- Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.
Should I buy Plug Power stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PLUG stock a buy?
Currently, Plug Power stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $PLUG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Plug Power stock?
Do you know when is it time to sell Plug Power?. Trading strategies let us to avoid rash decisions based on our personal moods or the noise surrounding the market. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling shares in your porfolio, not for shorting $PLUG stock
A guiding principle is that you should not keep an open trade that produces greater losses than those expected at the time of purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Plug Power stock?
Currently, Plug Power stock doesn't match any of our preferred sell setups, so if you own Plug Power shares and your operation is in profit probably is not time to sell now
Plug Power ratings
We don't have any rating published in the last month for Plug Power
Plug Power stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on July 16, the price has bounced up by 7.45%
Relative strength index
When the stays for so long below 70 and above 30, without indication of overbought and oversold, the indicator turns out to be of little use, and we currently are in one of these cases.
Plug Power stock price history
Plug Power IPO was on Oct 29th, 1999 at $157.50 per share1. Since then, PLUG stock depreciated by -82.33%. If you had invested $1,000USD in Plug Power stock on Oct 1999, it would worth $176.70 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Plug Power stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and many times. If you are a small trader you must not buy or sell based on these price targets.
In the previous month we couldn't find any price target published for Plug Power stock.
Earnings and financials
In mid-June, Plug Power ($PLUG) hosted the quarterly investors call and released the report. Plug Power reported earnings of $-0.12 per share versus consensus earnings estimate that was $-0.08.
Compared to the same quarter last year, EPS was $-0.12, so posted EPS is 0.00%. Turnover skyrocketed a 76.31% on an annualized basis in the , from $408.1M to $719.6M last quarter.Plug Power ($PLUG) releases Q2 earnings report on Thursday next week. Estimated for this quarter is $-0.07, compared to $-0.12 that was reported for Q1.
Plug Power performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Plug Power ($PLUG) | -19.50% | -7.40% | -57.60% |
Important note:
The comments written in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not know the particular scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for informational purposes onlyPlug Power summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $26.62 |
| Close | $27.83 |
| Day range | $26.56 - $28.15 |
| Previous close | $26.55 |
| Session gain | 4.82% |
| Average true range | $1.77 |
| 50d mov avg | $29.91 |
| 100d mov avg | $30.71 |
| 200d mov avg | $34.27 |
| Earnings date | August 5th, 2021 |