Technical analysis from Polymet Mining Corp. (PLM, AMEX:PLM) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

Polymet Mining Corp.
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Polymet Mining Corp. has failed to achieve a lower low of $0.7800 (-1.3 %)
Low Price /
Polymet Mining Corp. has failed to achieve a lower low of $0.7800 (-1.3 %)

[BULLISH]: Polymet Mining Corp. current downtrend in the first timeframe. Currently, the Low is $0.7800 (-1.3 %).

PLM: Commodity Channel Index has continued confirmed oversold trading conditions
Commodity Channel Index /
PLM: Commodity Channel Index has continued confirmed oversold trading conditions

[BULLISH]: Polymet Mining Corp. current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -198.0000. The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -200.

Simple Moving Average /
The SMA trend following signal is still current for Polymet Mining Corp. [Bearish]

[BULLISH]: Polymet Mining Corp. currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -3.0%.

Price Range /
Range for PLM has surpassed the range of the previous trading session

PLM: Price Range Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BEARISH (3) 23 Apr: BULLISH

On Balance Volume /
Market conditions are indicating OBV distribution is current for PLM

[BEARISH]: Polymet Mining Corp. current price has highlighted recent distribution. Currently, the OBV is -7562012.0000.

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Triangular Moving Average /
PLM: Price continues to move below the TMA(5) @$0.8460

[BEARISH]: Polymet Mining Corp. currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -3.0%.

Polymet Mining Corp.: Daily opening performance is -1.6 % [Downntrend]
Opening Price /
Polymet Mining Corp.: Daily opening performance is -1.6 % [Downntrend]

[BEARISH]: Polymet Mining Corp. opening price has gapped down. Currently, the OPEN is $0.8170 (-1.6 %).

Momentum continues to fall for Polymet Mining Corp. signalling an downtrend will persist
Momentum /
Momentum continues to fall for Polymet Mining Corp. signalling an downtrend will persist

[BEARISH]: Polymet Mining Corp. currently has negative momentum of -0.0650 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -3.0000%.The largest downward momentum rally for the last 3 months is 9 days producing a return of -21.3%%.

Detrended Price Oscillator /
Bearish trading conditions for Polymet Mining Corp. has been signalled from the DPO (-0.1790)

[BEARISH]: Polymet Mining Corp. currently has a confirmed downtrend. Price is currently below the displaced moving average for PLMCurrently, the return on DPO20 is -3.0%.

Volume Rate of Change /
Positive VROC for Polymet Mining Corp. is a leading indicator for continued price rise

[BULLISH]: Polymet Mining Corp. currently has positive volume of change of 24.0000%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -3.0000%.

MACD /
MACD for Polymet Mining Corp. continues to gain momentum @0.0010

[BULLISH]: Polymet Mining Corp. currently has positive MACD of 0.0010. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -5.3%.

Closing price for PLM ($0.7950) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for PLM ($0.7950) signals sellers are now keener than buyers

[BEARISH]: Polymet Mining Corp.sellers are keener than buyers and are driving the price down. This is the first day of price decline for PLM adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.5 & the greatest daily negative change this year has been -9.8. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -23.4%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -4.6%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -1.600000%

The WMA trend following signal is still current for Polymet Mining Corp. [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for Polymet Mining Corp. [Bearish]

[BEARISH]: Polymet Mining Corp. currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -3.0%.

Elder Ray Index /
Polymet Mining Corp.: Elder Ray Index is -0.0700 [Bearish]

[BEARISH]: Polymet Mining Corp.Elder Ray Index is signalling a Bearish movementERI is -0.0700 indicating bear power. Prices are being driven below the consensus of value for PLM during the last trading session [Selling Pressure]

Coles Reaction Day /
The daily range for Polymet Mining Corp. has achieved a lower low [Bearish]

Polymet Mining Corp.: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for PLM

Percentage Volume /
Volume for Polymet Mining Corp. continues to lose momentum @-7.1000)

[BEARISH]: Polymet Mining Corp. currently has negative PVO -7.1000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -5.3%.

[Long]: Limit orders for Polymet Mining Corp. should be set at $0.0000
Fibonacci Fans /
[Long]: Limit orders for Polymet Mining Corp. should be set at $0.0000

Polymet Mining Corp. is still above the 61.8% retracement level ($0.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for PLM should be set @$2.8900 & Stoploss for Polymet Mining Corp. should be set between $2.5500

Polymet Mining Corp.: Look for a short limit order entry @$0.7988
Demarks Pivot Points /
Polymet Mining Corp.: Look for a short limit order entry @$0.7988

Polymet Mining Corp. has broken the first DeMark resistance point ($0.7988) [Bullish]. Look for a long limit order entry near this point. Exit price for PLM should be set @$0.8180 & Stoploss for Polymet Mining Corp. should be set at $0.7580

Polymet Mining Corp.: ATR (0.0490) has signalled an uptrend is current
Average True Range /
Polymet Mining Corp.: ATR (0.0490) has signalled an uptrend is current

PLM: Average True Range Recent Trading -> (1) 25 Apr: 0.0490 (2) 24 Apr: 0.0480 (3) 23 Apr: 0.0490

Sine Weighted Moving Average /
Polymet Mining Corp. is in a short term downtrend with the resistance price @$0.826

PLM: SWMA Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH

Aroon Oscillator /
Polymet Mining Corp. has signalled an Aroon trend present [Strong Downtrend]

[BEARISH]: Polymet Mining Corp. has a current ARO(25) of -96.0000. This has change -76.0000 points from yesterday.

Stochastic Oscillator /
Stochastic Oscillator (10.7000) for PLM is still below the oversold limit

[BULLISH]: Polymet Mining Corp. is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Elders Force Index /
Polymet Mining Corp.: Direction, extent & volume have decreased in recent trading [Selling Pressure]

PLM: Elders Force Index Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BEARISH (3) 23 Apr: BEARISH CROSSOVER

PLM Basic Candle: Long Black
Long Black Candle /
PLM Basic Candle: Long Black

[BEARISH]: Polymet Mining Corp. has formed a Long Black candlestick. This means, PLM has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Polymet Mining Corp.: Ulcer Index 12.0210 [High Stress]
Ulcer Index /
Polymet Mining Corp.: Ulcer Index 12.0210 [High Stress]

[BULLISH]: Polymet Mining Corp. UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 12.0210.

Money Flow Index /
Polymet Mining Corp.: Selling pressure remains oversold during trading session

[BEARISH]: Polymet Mining Corp. current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 10.2000. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 41.62.

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