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 (4/22/2024, 7:04:00 PM)
After market: 22.8 0 (0%)22.8
-0.04 (-0.18%)
ATLANTA, GA., April 04, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate,...
ATLANTA, GA, March 07, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that its Board of Directors has declared a dividend of $0.22 per share for the first quarter of 2024, payable to holders of the Company’s common stock. The dividend will be payable in cash on April 15, 2024 to stockholders of record at the close of business on March 28, 2024.
Raymond James analyst upgrades Americold Realty Trust stock, citing improved outlook and core business fundamentals.
The article discusses the fourth-quarter and full-year 2023 financial results of Americold Realty Trust (COLD).
Facility in Kansas City Will Help Connect Key U.S. Midwest and Mexico Markets Builds on Americold’s Strategic Collaboration with CPKC to Optimize...
Delivers Double-Digit AFFO per Share Growth for Full Year 2023Achieves Record Setting Same-Store Economic Occupancy and Fixed Commitments in Full Year...
ATLANTA, GA., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled...
ATLANTA, GA., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled...
Truist analyst Ki Bin Kim is optimistic about the real estate investment trust sector in 2024, upgrading several companies while remaining cautious on...