POET TECHNOLOGIES INC (POET) Stock Technical Analysis
NASDAQ:POET - Nasdaq - CA73044W3021 - Common Stock - Currency: USD
Overall POET gets a technical rating of 6 out of 10. Although POET has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
POET is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 96% of 109 stocks in the same industry.
In the last month POET has a been trading in the 3.09 - 4.14 range, which is quite wide. It is currently trading near the high of this range.
POET has an average volume of 1132070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, POET did better than 91% of all other stocks. However, POET's most recent performance is quite weak.
POET is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
POET has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
3.24
4.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.94 to 3.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.72 from a horizontal line in the daily time frame.
- Support @3.58 from a horizontal line in the weekly time frame.
- Support @3.27 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.40 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.71
Mansfield1.61
10 Day High4.14
10 Day Low3.53
20 Day High4.14
20 Day Low3.09
52 Week High7.79
52 Week Low1.6
Performance
1 Week8.87%
2 Weeks11.99%
1 Month1.73%
3 Month-21.71%
6 Month7.03%
12 Month64.4%
2 Year1.23%
3 Year-37.35%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)55.89
LBB3.29
UBB4.23
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.41 | 3.93 | 0.48 (10.88%) | 9.19% |
| An entry @4.41. This is a Buy Stop order right above the resistance zone. | An exit @3.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.48 points, which is 10.88%. | For a 1.00% total portfolio risk, you can invest 9.19% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.11
+0.05 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.23%
1 Week8.87%
2 Weeks11.99%
1 Month1.73%
3 Month-21.71%
6 Month7.03%
12 Month64.4%
2 Year1.23%
3 Year-37.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%7.78%
ATR Inc-49.76%
Range Today0.15
ADR(20)0.3
ADR(20)%7.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.71
Mansfield1.61
10 Day High4.14
10 Day Low3.53
20 Day High4.14
20 Day Low3.09
52 Week High7.79
52 Week Low1.6
CS1 End3.98
CR1 Start4.4
Volume & EV
DER(3)1.03%
DER(5)0.91%
Volume378.70K
Volume Incr-53.21%
Vol(5)438.42K
Vol(50)1.13M