Plug Power stock: buy or sell

PLUG stock price: $27.83 4.82% At close on Jul 28th, 2021

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

PLUG stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $28.40 (2.05% above)
  • R2: $29.50 (6.00% above)
  • R3: $33.26 (19.51% above)
  • The current support levels are:

  • S1: $24.75 (-11.07% below)
  • S2: $19.02 (-31.66% below)
  • S3: $18.47 (-33.63% below)
  • Bollinger bands

    Since the price broke down the lower band on July 16, the price has bounced up by 7.45%

    PLUG stock Bollinger Bands chart

    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 stock RSI chart

    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

    PLUG stock price history chart

    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

    PLUG performance compared
    Company1m3m6m
    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 only

    Plug Power summary

    Wednesday, July 28th, 2021
    Open$26.62
    Close$27.83
    Day range$26.56 - $28.15
    Previous close$26.55
    Session gain4.82%
    Average true range$1.77
    50d mov avg$29.91
    100d mov avg$30.71
    200d mov avg$34.27
    Earnings dateAugust 5th, 2021

    Frequently asked questions

    What is Plug Power stock symbol?

    Plug Power Inc. is a public company trading in the US stock market with the PLUG symbol

    Is Plug Power stock a buy or sell?

    Plug Power had no ratings in the last 30 days Read the article to get additional tips on trading PLUG stock.

    Will PLUG go up?

    There were no price targets posted by analysts in the last 30 days for Plug Power.