PROLOGIS INC (PLD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PLD - US74340W1036 - REIT
Taking everything into account, PLD scores 5 out of 10 in our technical rating. PLD has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month PLD has a been trading in the 125.47 - 134.94 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- PLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLD is lagging the market slightly.
- PLD has an average volume of 3603670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PLD outperforms 55% of them, which is more or less in line with the market.
- PLD is part of the Diversified REITs industry. There are 124 other stocks in this industry, PLD did better than 68% of them.
Although the technical rating is only medium, PLD does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 128.05, a Stop Loss order could be placed below this zone.
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109.54
4 important support areas can be observed.
- A support zone ranging from 126.43 to 128.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 123.37 to 123.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @119.02 from a trend line in the weekly time frame.
- Support @110.65 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 129.22 to 130.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 133.22 to 133.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLD is neutral. |
| ChartMill Relative Strength | 55.6 | NEUTRAL | PLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.64 | NEUTRAL | The RSI value for PLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests PLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.42 | OVERSOLD | The low Stochastics value suggests PLD may be oversold. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PLD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.61 | NEGATIVE | The low ADX value for PLD suggests a weak or negative trend. |
128.7
+2.27 (+1.8%)
PROLOGIS INC / PLD FAQ
What is the technical rating for PLD stock?
ChartMill assigns a technical rating of 5 / 10 to PLD.
Can you provide the trend direction for PROLOGIS INC?
The current trend direction for PROLOGIS INC (PLD) is Bullish.
What is the RSI signal for PROLOGIS INC (PLD) stock?
PROLOGIS INC (PLD) has an RSI value of 49.6445. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PROLOGIS INC?
PROLOGIS INC (PLD) has a support level at 128.05 and a resistance level at 129.22. Check the full technical report for our detailed analysis of PLD support and resistance levels.