Plug Power, Inc.(PLUG) - Stock detail

Plug Power, Inc.

US
PLUG
Plug Power Inc.(Listing date: 10/29/1999)

Plug Power Inc. is an alternative energy technology company and a pioneer and leader in the hydrogen fuel cell industry. It is engaged in the design, development, manufacturing and commercial application of hydrogen fuel cell systems worldwide, mainly for the industrial off-road (or forklift material handling) market. The company focuses on proton exchange membrane (PEM) fuel cells, fuel processing technologies, and fuel cell/battery hybrid technologies, with a variety of products available. The fuel cell that the company focuses on is an electrochemical device that can generate electricity and heat from hydrogen and oxygen without combustion. The company was incorporated in Delaware, USA on June 27, 1997.

AI Technical AnalystSell
Rating2/10
Generated at:2026-06-05 17:40:55
Analysis based on real-time data for Plug Power, Inc. (PLUG) from 2026-03-12 to 2026-06-05 (86 calendar days, 60 trading days), pricing in US Dollars, data sourced from US Stock Market (NASDAQ).
Insight

PLUG's technical picture has deteriorated significantly with a high-volume breakdown from recent highs, bearish moving average alignment, and negative momentum outweighing short-term oversold conditions.

Resistance
4.33
Support
2.11
Support and resistance are estimated from the latest 60 sessions.
Strategy
  • Short-term:Avoid catching the falling knife; wait for evidence of reversal with bullish candlestick pattern on high volume, reclaiming of 5-day EMA ($3.60), and improvement in momentum indicators before considering any long positions.
  • Mid-term:Maintain defensive posture; any rebound towards $3.60-$3.80 resistance area (aligned with moving averages and average cost) should be used to reduce exposure; focus on risk management with stop-loss below $3.09-$3.20 support zone.
  • Long-term:Monitor for trend reversal confirmation and stabilization; the stock faces significant overhead resistance from 95% of estimated holders being underwater, requiring sustained buying pressure to overcome chip distribution pressure.

Moving averages

MA 5
3.71
MA 20
3.70
MA 60
3.04
Price
3.21
AI Analysis
  • Simple Moving Averages show order: MA_10 (3.84) > MA_5 (3.71) > MA_20 (3.70) > MA_60 (3.04)
  • Short-term structure has broken down with 5-day MA crossing below 20-day MA
  • Current close price of $3.21 is decisively below all key SMAs (5, 10, 20)
  • Exponential Moving Averages show bearish order: EMA_10 (3.69) > EMA_20 (3.63) > EMA_5 (3.60)
  • EMA_5 being the lowest indicates strong immediate selling pressure over last five sessions
  • Price is below all three EMAs, reinforcing sell signal

Volume

Volume
79.02M
20D Avg
93.59M
Institution
-
Participation
-
AI Analysis
  • Surge to $4.14 on 2026-05-27 accompanied by volume of 110 million shares
  • Large drop on 2026-06-05 (close: $3.21, -10.8%) occurred on very high volume of 79.02 million shares
  • Volume on down days (06-03, 06-05) is above recent average, confirming bearish trend
  • High volume on down days signifies strong selling pressure with high participation
  • Money Flow Index (MFI) at 0.54 is extremely low, indicating intense selling pressure combined with high volume

MACD

MACD
0.14
Signal
0.21
Hist
-0.08
Trend
-
AI Analysis
  • MACD line (0.1364) is below its signal line (0.2142)
  • Negative MACD histogram (-0.0778) confirms bearish momentum
  • This is a classic bearish crossover suggesting downward momentum is accelerating

Bollinger bands

Upper
4.31
Middle
3.70
Lower
3.09
Width
32.95%
AI Analysis
  • Bollinger Bands parameters: Upper: 4.31, Middle: 3.70, Lower: 3.09
  • Current close price of $3.21 is positioned below the middle band
  • Price is approaching the lower band at $3.09
  • Trading near or below the lower band suggests stock is oversold on volatility-adjusted basis
  • Move to touch or break lower band could signal potential reversal or continuation of extreme weakness

RSI

RSI(14)
42.35
RSI(6)
25.68
Overbought
70+
Oversold
30-
AI Analysis
  • 14-period RSI at 42.35 is in neutral territory but leaning towards bearish
  • 6-period RSI at 25.68 is deeply in oversold territory (<30)
  • Oversold conditions often precede short-term technical bounce but can persist in strong downtrend

KDJ

K
32.01
D
50.64
J
-5.26
Trend
-
AI Analysis
  • KDJ values: K: 32.01, D: 50.64, J: -5.26
  • J-line at -5.26 is severely oversold
  • K-line is well below slower D-line, which is bearish configuration
  • This indicates selling momentum is very strong despite oversold readings

Chip distribution

How chip distribution helps you?
Chip distribution summary
  • Only 5.25% of estimated holders are in profit at the current price, creating significant overhead supply resistance on any rally towards the average cost of $3.79.
  • Estimated average cost for current holders is $3.79
  • Only 5.25% of estimated chips are in profit at current price of $3.21
  • Widespread paper losses among recent buyers can act as overhead supply resistance on any rally
  • 70% cost range is estimated at [3.32, 4.05]
  • 90% cost range is estimated at [3.20, 4.18]
  • Current price is at very bottom of 90% range
  • $3.20 level aligns with estimated 90% lower bound and recent lows, reinforcing it as key support
  • High concentration values (70 concentration: 9.81%) suggest relatively wide but defined cost base
No chart data

Data is estimated based on turnover rate, high, low, open, and close prices. Profit ratios may vary significantly across different brokerage tools.