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Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PLUG&nbsp; stock shows consolidation above the previous support zone.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Plug Power Inc. (NASDAQ: PLUG) price may cause buyers to regain momentum and make a trend change.&nbsp;</a> </li> 
 <li> <span>3</span> <a>PLUG stock price fell below the key moving average of 50-EMA.&nbsp;</a> </li> 
</ul> 
<p>Plug Power Inc. (PLUG) stock price gained 3.88% intraday on Tuesday showing bulls accumulating at the lower levels to form a base. The analysts offering a 1-year price forecast for Plug Power Inc. are super bullish over the stock price with a maximum potential of 839% to the upside that could lead the price to $78. Moreover, the analysts expect a drawdown of 9.64% which could drag the price to a low of $7.70.&nbsp;</p> 
<p>Moreover, the price analysis over the daily chart shows that the price witnessed a bullish momentum after the last quarterly results. The earnings triggered a buying sentiment and the price surged higher forming an inverted head and shoulder pattern.</p> 
<p>However, the upward momentum of the stock was halted by the 200-EMA at $13.44. Thereafter, sellers dominated the trend and halted the further upward trajectory leading to the formation of double top. The price declined which was further fueled by the recent quarterly earnings as the company missed the Wall Street estimates.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="532" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342-1024x532.png" alt="" class="wp-image-167561" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342-1024x532.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342-300x156.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342-768x399.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342-750x390.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342-1140x592.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-342.png 1492w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;Source: tradingview.com 
  </figcaption> 
 </figure> 
</div> 
<p>PLUG stock option-chain analysis states that the current implied volatility in the market is 60.37% with a decrement of 0.11% in the last trading session. The at-the-money strike price has 3,424 open contracts on the PUT side and 7,209 open contracts on the CALL side indicating the dominance of buyers at the current level.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-plug-stock-price-daily-chart-shows-bulls-regaining-control-strong"><strong>PLUG Stock Price Daily Chart Shows Bulls Regaining Control</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-1024x478.png" alt="" class="wp-image-167562" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-343.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Plug Power Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, the buyers seem to be accumulating near the previous low to form a base. The breakout of this may initiate a surge and the price may experience long-term trend shift. The price currently trades at $8.30 with an intraday gain of 3.88% on Tuesday, September 12th.&nbsp;</p> 
<p>Power Plug Inc. engages in alternative energy technology which focuses on the design, development, and manufacture of hydrogen and fuel cell systems used primarily for material holdings and stationary power markets.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-an-average-outlook-strong"><strong>Technical Indicators Show an Average Outlook</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-1024x478.png" alt="" class="wp-image-167563" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-344.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Plug Power Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>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 overall technical opinion rating including RSI and MACD signals an 80% “buy” with a weakening short-term outlook in maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/01/plug-stock-defends-8-will-plug-power-stock-regain-10-in-sep/" target="_blank" rel="noopener noreferrer nofollow">Plug Power Inc.</a> is an alternative energy company that makes hydrogen and fuel cell systems. The PLUG stock price rose 3.88% on Tuesday after the analysts predicted a huge upside potential of 839%. The price has been volatile since the last quarterly results, forming an inverted head and shoulder pattern and a double top. PLUG price is now near the previous low where buyers are accumulating to form a base. The price may break out of the range and change the long-term trend. The price currently trades at $8.30.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $7.39 and $6.52</li> 
 <li><strong>Resistance levels:</strong> $9.34 and $10.64</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>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. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

PLUG Power Stock (NASDAQ: PLUG) To Gain 800% A Year: Analysts

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