Following MACD Might Trouble PLUG Stock More; Decline Expected

Following MACD Might Trouble PLUG Stock More; Decline Expected

1
PLUG stock has been declining constantly and lost over 7% of its price in a week. 
2
At press time, PLUG stock was trading at $5.90 which is smaller than 20, 50, 100 and 200-day EMA. 
3
Plug Power, Inc. has lost 50% of its market capitalization till the second quarter of 2023.
PLUG stock has been in trouble for the past few months and lost over 7% of its trading price in a week and 23.28% in a month. When writing, Plug Power Inc. stock was trading below 20,50,100, and 200-day EMA. 
PLUG Stock Price Analysis 
In the 52-week time frame, PLUG stock price peaked at $18.88 and its lowest trading price was $5.78. The annual price target of the stock is $14.80 which is 150% greater than its press time trading price. 
Plug Power Inc. has a market capitalization of $3.552 Billion and data from companiesmarketcap(dot)com states that a sharp decline of 50.74% is seen in the market cap of the company in 2023.
The trading volume of PLUG shares

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