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:2026-06-11 17:41:28
Analysis based on real-time data for PLUG as of 2026-06-11. Analysis period: 2026-03-18 to 2026-06-11 (86 calendar days, 60 trading days). Data includes OHLC, volume, and derived technical indicators. Chip distribution data is a statistical estimate based on historical OHLC and turnover behavior, using a volume-based proxy for turnover rate to model cost basis; it is not official exchange data.
Insight

The technical picture for Plug Power, Inc. (PLUG) is decisively bearish, with the stock in a confirmed short-term downtrend and facing significant downside risk.

Resistance
4.33
Support
2.11
Support and resistance are estimated from the latest 60 sessions.
Strategy
  • Short-term:For current holders: The immediate support at $2.74 is critical; a daily close below this level is a strong signal to sell or reduce positions to manage risk. For potential buyers: Avoid new long positions; attempting to catch the falling knife is high-risk. Wait for a confirmed reversal signal.
  • Mid-term:Avoid initiating long positions. Wait for a confirmed technical reversal, which would require a strong bullish candle closing above key resistance (e.g., 5-day EMA at $3.04), a positive divergence on momentum indicators, and a significant increase in volume on an up day. Rallies are likely to be sold into given the weak structure.
  • Long-term:Prioritize capital preservation. Wait for a more robust technical base to form before considering any long exposure. The stock's sensitivity to sentiment towards speculative growth stocks and sector risks necessitates caution. Technical analysis should be one component of a broader investment decision.

Moving averages

MA 5
3.00
MA 20
3.58
MA 60
3.09
Price
2.83
AI Analysis
  • The moving averages are in a bearish configuration.
  • The current price of $2.83 is trading well below all key moving averages (MA_5: $3.00, MA_10: $3.43, MA_20: $3.58, MA_60: $3.09).
  • The order (20 > 10 > 60 > 5) indicates a medium-term downtrend.
  • The price being below the 5-day MA ($3.00) confirms immediate bearish pressure.
  • The EMA configuration reinforces the bearish MA picture (EMA_5: $3.04, EMA_10: $3.27, EMA_20: $3.40).
  • The price is below all three EMAs.
  • The EMAs are stacked in descending order (EMA_20 > EMA_10 > EMA_5), which is a classic bearish trend pattern.

Volume

Volume
46.21M
20D Avg
75.08M
Institution
-
Participation
-
AI Analysis
  • The rally in April and May was validated by surging volume (e.g., 171M shares on 2026-05-11).
  • The recent decline has seen significant volume, particularly on down days like 2026-06-05 (79M shares) and 2026-06-09 (69.7M shares).
  • This suggests the sell-off is driven by high conviction selling, not just a lack of buyers.
  • The most recent volume of 46.2M shares on 2026-06-11 is still above the implied 60-day average.
  • The high-volume breakdown from the May peak is a significant technical negative.
  • Volume indicates continued active distribution.

MACD

MACD
-0.07
Signal
0.08
Hist
-0.15
Trend
-
AI Analysis
  • The MACD line (-0.0742) is below the signal line (0.0798).
  • The MACD histogram is negative (-0.1540).
  • This is a bearish signal indicating that downward momentum is currently dominant.

Bollinger bands

Upper
4.42
Middle
3.58
Lower
2.74
Width
46.99%
AI Analysis
  • Upper Band: $4.42, Middle Band (20-day MA): $3.58, Lower Band: $2.74.
  • The current close of $2.83 is trading just above the Lower Bollinger Band ($2.74).
  • Trading near the lower band suggests the stock is oversold on this metric.
  • A sustained break below the lower band would signal intensified selling pressure.

RSI

RSI(14)
35.58
RSI(6)
17.35
Overbought
70+
Oversold
30-
AI Analysis
  • The 14-period RSI is 35.58, approaching oversold territory (below 30) but not yet there, suggesting more room for downside.
  • The 6-period RSI is extremely low at 17.35, indicating the stock has been severely oversold in the very short term.
  • The low 6-period RSI can sometimes precede a technical bounce, but it is not a reversal signal on its own.

KDJ

K
10.02
D
20.78
J
-11.52
Trend
-
AI Analysis
  • K (10.02) and D (20.78) are very low.
  • J is deeply negative at -11.52.
  • This is a strong oversold signal.

Chip distribution

How chip distribution helps you?
Chip distribution summary
  • Only 5.59% of estimated holders are in profit, indicating nearly the entire holder base is underwater, creating substantial overhead supply pressure.
  • Only 5.59% of estimated holders are in profit at the current price of $2.83.
  • This extremely low figure indicates nearly the entire estimated holder base is sitting on losses.
  • This can create 'overhead supply' – selling pressure from those looking to exit at breakeven if the price recovers.
  • The estimated average cost is $3.58, which is 26.5% above the current price.
  • This reinforces the overhead supply concern.
  • The 90% cost range is wide ($2.81 to $4.13) with a concentration of 18.99%.
  • The 70% cost range ($2.92 to $4.01) has a concentration of 15.67%.
  • The 5-day average concentration has decreased slightly, suggesting some churn and distribution of shares.
  • The current price is at the very bottom of the 90% cost range, pressing against the estimated cost base of the most recent buyers.
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.