By Mill Chart
Last update: Sep 20, 2023
A possible breakout setup was detected on AMERICOLD REALTY TRUST INC (NYSE:COLD) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:COLD.
As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.
Taking everything into account, COLD scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COLD is showing a nice and steady performance.
Our latest full technical report of COLD contains the most current technical analsysis.
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:COLD has a 9 as its setup rating, indicating its current consolidation status.
Besides having an excellent technical rating, COLD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 32.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.56, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.
This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.
Every day, new breakout setups can be found on ChartMill in our Breakout screener.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
AMERICOLD REALTY TRUST INC
NYSE:COLD (12/8/2023, 7:04:00 PM)After market: 28.38 0 (0%)
Lineage Logistics hopes a thaw in the IPO market will enable it to cash in on a big-time IPO.
Lineage Logistics, a temperature-control storage and logistics firm, plans an IPO seeking a valuation of over $30 billion, with Goldman Sachs and Morgan...
Americold Realty Trust (COLD) reports Q3 FFO of $0.25, missing estimates by $0.03, and revenue of $667.9M, missing estimates by $35.78M.
Delivers Strong Operational Results and Raises Annual Guidance Raises Common Equity to Support New Growth Initiatives ATLANTA, GA., Nov. 02, 2023 ...
ATLANTA, GA, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled...
Air conditioners have had a busy summer.
ATLANTA, GA, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled...
ATLANTA, GA, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled...
Prologis isn't just the biggest player in industrial properties; it also has one of the strongest foundations in the sector.