Investing in or trading crypto or stock comes with a risk of financial loss. The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. The price may break out of the range and change the long-term trend. PLUG price is now near the previous low where buyers are accumulating to form a base. The price has been volatile since the last quarterly results, forming an inverted head and shoulder pattern and a double top. The PLUG stock price rose 3.88% on Tuesday after the analysts predicted a huge upside potential of 839%. is an alternative energy company that makes hydrogen and fuel cell systems. The overall technical opinion rating including RSI and MACD signals an 80% “buy” with a weakening short-term outlook in maintaining the current direction. The daily PLUG stock price chart shows that the price trades below the 50-day EMA indicating the dominance of sellers at the moment. The price declined which was further fueled by the recent quarterly earnings as the company missed the Wall Street estimates. Thereafter, sellers dominated the trend and halted the further upward trajectory leading to the formation of double top. However, the upward momentum of the stock was halted by the 200-EMA at $13.44. The earnings triggered a buying sentiment and the price surged higher forming an inverted head and shoulder pattern. Moreover, the price analysis over the daily chart shows that the price witnessed a bullish momentum after the last quarterly results. Moreover, the analysts expect a drawdown of 9.64% which could drag the price to a low of $7.70. are super bullish over the stock price with a maximum potential of 839% to the upside that could lead the price to $78. The analysts offering a 1-year price forecast for Plug Power Inc. (PLUG) stock price gained 3.88% intraday on Tuesday showing bulls accumulating at the lower levels to form a base. 3 PLUG stock price fell below the key moving average of 50-EMA.(NASDAQ: PLUG) price may cause buyers to regain momentum and make a trend change. stock selection process with a filtering and ranking mechanism based on select fundamental criteria. 1 PLUG stock shows consolidation above the previous support zone.
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