Childrens Place Inc (PLCE): Price Now Near $103.83; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for PLCE

Currently, PLCE (Get Ratings)’s price is up $0.4 (0.39%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

PLCE ranks 86th in terms of today’s price percentage change out of Retail stocks.

PLCE’s Technical Outlook on the Daily Chart

At the time of this writing, PLCE’s price is down $-0.62 (-0.59%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows PLCE’s price action over the past 90 days.

PLCE

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PLCE: Daily RSI Analysis

  • PLCE’s RSI now stands at 38.0313.
  • PLCE and RSI may be exhibiting divergent trends. This may be something to monitor.

For PLCE News Traders

Investors and traders in PLCE may be particularly interested in the following story that came out in the past day:

Factors Shaping Up The Children’s Place’s (PLCE) Q2 Earnings

The Children’s Place’s (PLCE) focus on superior product strategy and omni-channel capabilities is likely to get reflected in second-quarter results.

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