Investing in or trading crypto or stocks comes with a risk of financial loss.Saturn Oil & Gas: Monster Cash Flow - Monster Dividend? The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Resistance Levels: $12.17 and $11.03 Disclaimer Traders are advised to exercise caution before entering the market. However, technical indicators such as RSI and MACD are decreasing in the oversold zone, with a negative crossover indicating strength in the current bearish phase. The stock price has experienced a roller-coaster ride with an interesting declining pattern but has been on an uptrend since the start of 2023, likely due to increased buyer activity. Summaryĭuring Tuesday’s trading session, Plug Power’s stock price dipped by 0.16% to $12.38, despite the trading volume being higher than average. Investors need to watch every move over the charts during the day’s trading session. The MACD and the signal line are decreasing but not showing a definitive crossover over the daily chart which can support the RSI claims. The current value of RSI is 33.37 which is below the average RSI value of 39.46. This shows the strength of the current bearish trend. RSI is decreasing in the oversold zone and is shown a negative crossover which indicates that the sellers are coming in the majority and pushing PLUG downwards. Plug Power Inc (NASDAQ: PLUG) Stock Price Technical Analysis:Īccording to technical indicators, Plug Power stock price may show a downward movement. The organization, which was established in 1997 and has its corporate office in Latham, New York, offers sustainable energy solutions to companies all around the world.

Via direct sales staff, OEMs, and dealer networks, Plug Power offers its products. The business also offers electrolyzers and liquefaction equipment that are designed for producing pure hydrogen. GenDrive, GenFuel, GenCare, GenSure, and ProGen fuel cell stack and engine technology are some of its offerings. The infrastructure for producing, moving, handling, and dispensing liquid green hydrogen is all part of the company’s green hydrogen ecosystem. is a global supplier of clean hydrogen and zero-emissions fuel cell solutions for stationary power, on-road electric vehicles, and supply chain and logistics applications.

More About Plug Power Inc (NASDAQ: PLUG): This presents a make-or-break moment for the plug power stock price because if the stock price breaks its support trend line of the descending triangle pattern then the plug power stock price may continue its downtrend.

This shows that the 200-Day EMA is acting as a major resistance for the plug power stock. But as soon as the pug power stock price reached its 200-Day EMA sellers pushed back the plug power stock price below its 20-Day EMA. However, none of them could gain an upper hand over the other and hence the session ended with the opening price and closing price of the stock being close to each other as shown by the small body.Īfter the start of 2023, the Plug power stock price was on an uptrend with the support of buyers which indicates that the buyers became hyper-active from the start of 2023.

The formation of the Spinning top candlestick pattern in the last trading session indicates that both bulls and bears were active in the market, the bulls were driving the price up which can be seen by the long upper shadow, while the bears were driving the price down, which is indicated by the long lower shadow.

Price of plug power