PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Technical Analysis
NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD
We assign a technical rating of 4 out of 10 to PLYM. In the past year, PLYM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
81% of all other stocks performed better in the past year than PLYM.
PLYM is part of the Diversified REITs industry. There are 129 other stocks in this industry, of which 75% are performing better than PLYM.
In the last month PLYM has a been trading in the 15.52 - 17.02 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PLYM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLYM is lagging the market slightly.
PLYM has only a medium technical rating, but it does show a decent setup pattern. 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 16.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.76
25.39
We found 1 important support area.
- A support zone ranging from 15.92 to 16.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 16.56 to 16.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 17.23 to 17.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.49 from a trend line in the weekly time frame.
- Resistance @25.14 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for PLYM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLYM is up. |
| ChartMill Relative Strength | 19.28 | NEGATIVE | PLYM has a low relative strength, it was outperformed by 80.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLYM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLYM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLYM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.49 | NEUTRAL | The RSI value for PLYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PLYM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.26 | NEUTRAL | The Stochastics value for PLYM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for PLYM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.61 | NEGATIVE | The low ADX value for PLYM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.45
+0.08 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.49%
1 Week-1.38%
2 Weeks1.92%
1 Month1.67%
3 Month-3.29%
6 Month-8.61%
12 Month-22.11%
2 Year-28.54%
3 Year-6.21%
5 Year28.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.4%
ATR Inc1.05%
Range Today0.38
ADR(20)0.36
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.28
Mansfield-1.68
10 Day High17.02
10 Day Low15.91
20 Day High17.02
20 Day Low15.52
52 Week High24.71
52 Week Low12.7
CS1 End16.4
CR1 Start16.56
Volume & EV
DER(3)2.63%
DER(5)2.99%
Volume357.30K
Volume Incr36.55%
Vol(5)418.86K
Vol(50)362.40K