Plug Power Inc (PLUG): Price Down $-0.84 (-3.07)% Over Past Day, Down $-0.51 (-1.89)% Over Past Hour

The Hourly View for PLUG

At the moment, PLUG (Get Ratings)’s price is down $-0.51 (-1.89%) from the hour prior. This is the 2nd hour in a row PLUG has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly 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.

Out of Electrical Equipment stocks, PLUG ranks 43rd in regards to today’s price percentage change.

PLUG’s Technical Outlook on the Daily Chart

At the time of this writing, PLUG’s price is down $-0.84 (-3.07%) from the day prior. This is the 2nd day in a row PLUG has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Plug Power Inc’s price action over the past 90 days can be seen via the chart below.

PLUG

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PLUG: Daily RSI Analysis

  • PLUG’s RSI now stands at 43.2727.
  • Note: PLUG and RSI appear to be diverging in terms of their respective trends, with PLUG declining at a faster rate than RSI.

For PLUG News Traders

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

Plug Power Hires Former Tesla Alum David Mindnich to Influence Plug Power’s Global Gigafactory Footprint

Mindnich, a 15-year manufacturing and operations veteran, joins the company as executive vice president of global manufacturing David Mindnich, Plug Power executive vice president of global manufacturing Plug Power Hires David Mindnich as executive vice president of global manufacturing LATHAM, N.Y., July 22, 2021 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced that David Mindnich, a 15-year

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