PDM Technical Analysis - PIEDMONT REALTY TRUST INC

Technical Rating and Analysis

Taking everything into account, PDM scores 4 out of 10 in our technical rating. In the last year, PDM was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, PDM is a bad performer in the overall market: 76% of all stocks are doing better.

In the last month PDM has a been trading in the 7.97 - 9.19 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

PDM is an average performer in the Diversified REITs industry, it outperforms 51% of 130 stocks in the same industry.

PDM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PDM is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PIEDMONT REALTY TRUST INC / PDM Weekly stock chart

PIEDMONT REALTY TRUST INC / PDM Daily stock chart

Setup Rating and Analysis

PDM has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.08

9.24

We found 2 important support areas.

Support @7.32 from a horizontal line in the weekly time frame.
Support @6.14 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 8.65 to 9.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for PDM is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PDM is down.
ChartMill Relative Strength	24.52	NEGATIVE	PDM has a low relative strength, it was outperformed by 75.48% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PDM is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of PDM is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of PDM is above a declining SMA(200).
Relative Strength Index/RSI (14)	31.39	NEUTRAL	The RSI value for PDM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests PDM has a negative trend.
Stochastics (14,3)	4.51	OVERSOLD	The low Stochastics value suggests PDM may be oversold.
Average True Range in percent/ATR (20)	2.77	MEDIUM VOLATILITY	The ATR as a percentage value for PDM suggests some volalility.
Average Directional Index/ADX (14)	34.84	POSITIVE	The high ADX value value for PDM suggests a strong trend.