PDM Technical Analysis - PIEDMONT REALTY TRUST INC

Technical Rating and Analysis

Taking everything into account, PDM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PDM is only an average performer.

The long and short term trends are both positive. This is looking good!

PDM is one of the better performing stocks in the Diversified REITs industry, it outperforms 75% of 130 stocks in the same industry.

In the last month PDM has a been trading in the 7.78 - 9.01 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, PDM turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.

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

Although PDM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.08

9.08

6 important support areas can be observed.

A support zone ranging from 8.74 to 8.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 8.11 to 8.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.69 from a trend line in the daily time frame.
Support @7.32 from a horizontal line in the weekly time frame.
Support @6.48 from a trend line in the weekly time frame.
Support @6.14 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 8.99 to 8.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for PDM is up.
ChartMill Relative Strength	51.09	NEUTRAL	PDM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PDM is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PDM is above 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)	69.9	NEUTRAL	The RSI value for PDM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests PDM has a positive trend.
Stochastics (14,3)	87.03	OVERBOUGHT	The high Stochastics value suggests PDM may be overbought.
Average True Range in percent/ATR (20)	2.32	MEDIUM VOLATILITY	The ATR as a percentage value for PDM suggests some volalility.
Average Directional Index/ADX (14)	43.2	POSITIVE	The high ADX value value for PDM suggests a strong trend.