technical analysis points to a big dive soon — TradingView News
Plug Power stock price remained in a bear market after plunging from a high of $4.58 in October last year to the current $2.05. It has slumped by over 55%, with the market capitalization dropping from $4.9 billion to the current $2.85 billion. This article conducts a technical analysis on the stock and what to expect.
Plug Power stock price forecast: Technical analysis
The daily timeframe chart shows that the PLUG stock price has crashed from a high of $4.58 last year to the current $2.05. It has remained below the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bears are in control.
The stock has also remained below the Supertrend indicator. It also dropped below the Strong, Pivot, and Reverse levels of the Murrey Math…
