PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Technical Analysis
NYSE:PLYM • US7296401026
We assign a technical rating of 6 out of 10 to PLYM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PLYM is only an average performer.
- The long and short term trends are both positive. This is looking good!
- PLYM is part of the Diversified REITs industry. There are 123 other stocks in this industry. PLYM outperforms 79% of them.
- PLYM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- PLYM has an average volume of 1556730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PLYM did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month PLYM has a been trading in a tight range between 21.76 and 22.08.
Although the technical rating is only medium, PLYM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 21.97, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.55 to 21.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.08 from a horizontal line in the weekly time frame.
- Support @14.80 from a trend line in the weekly time frame.
- Support @14.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.40 to 22.68. 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 PLYM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLYM is up. |
| ChartMill Relative Strength | 73.68 | POSITIVE | PLYM has a high relative strength, it outperformed 73.68% 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) | DOWN | MIXED | The current price of PLYM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLYM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.8 | NEUTRAL | The RSI value for PLYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PLYM has a positive trend. |
| Stochastics (14,3) | 85.24 | OVERBOUGHT | The high Stochastics value suggests PLYM may be overbought. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for PLYM suggests low volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for PLYM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.09 | 21.75 | 0.34 (1.54%) | 25.00% |
| An entry @22.09. This is a Buy Stop order right above the 10 day high. | An exit @21.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.34 points, which is 1.54%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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PLYMOUTH INDUSTRIAL REIT INC / PLYM FAQ
Can you provide the ChartMill technical rating for PLYMOUTH INDUSTRIAL REIT INC?
ChartMill assigns a technical rating of 6 / 10 to PLYM.
What is the current trend direction of PLYMOUTH INDUSTRIAL REIT INC (PLYM) stock?
The current trend direction for PLYMOUTH INDUSTRIAL REIT INC (PLYM) is Bullish.
What is the RSI signal for PLYMOUTH INDUSTRIAL REIT INC (PLYM) stock?
PLYMOUTH INDUSTRIAL REIT INC (PLYM) has an RSI value of 56.8023. This indicates that the stock is currently neutral.
What is the MACD signal for PLYM stock?
The MACD indicator for PLYMOUTH INDUSTRIAL REIT INC (PLYM) has a value of 0.010212, indicating a bearish trend.
What is the buy/sell signal for PLYM stock?
The buy/sell signal for PLYMOUTH INDUSTRIAL REIT INC (PLYM) is buy as both the short term and long term trends are positive.