The Hourly View for PLX
Currently, PLX (Get Ratings)’s price is down $-0.01 (-0.8%) from the hour prior. PLX has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
PLX ranks 219th in terms of today’s price percentage change out of Pharmaceutical Products stocks.
PLX’s Technical Outlook on the Daily Chart
Currently, PLX’s price is down $0 (-0.41%) from the day prior. This is the 3rd day in a row PLX has seen its price head down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Protalix BioTherapeutics Inc’s price action over the past 90 days can be seen via the chart below.
PLX: Daily RSI Analysis
- For PLX, its RSI is now at 0.
- PLX and RSI may be exhibiting divergent trends. This may be something to monitor.
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