PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Technical Analysis
USA - NYSE:PLYM - US7296401026 - REIT
Taking everything into account, PLYM scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, PLYM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PLYM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.40. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PLYM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5 important support areas can be observed.
- A support zone ranging from 21.98 to 22.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.55 from a horizontal line in the daily time frame.
- A support zone ranging from 21.08 to 21.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.63 from a horizontal line in the daily time frame.
- Support @14.93 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.40 to 22.40. 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 | 90.01 | POSITIVE | PLYM has a high relative strength, it outperformed 90.01% 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) | 60.63 | NEUTRAL | The RSI value for PLYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PLYM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.69 | OVERBOUGHT | The high Stochastics value suggests PLYM may be overbought. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for PLYM suggests low volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for PLYM suggests a possible start of a new 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 |
|---|---|---|---|
| 22.41 | 21.91 | 0.50 (2.23%) | 25.00% |
| An entry @22.41. This is a Buy Stop order right above the resistance zone. | An exit @21.91. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.50 points, which is 2.23%. | For a 0.56% 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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+0.14 (+0.63%)
PLYMOUTH INDUSTRIAL REIT INC / PLYM FAQ
Can you provide the ChartMill technical rating for PLYMOUTH INDUSTRIAL REIT INC?
ChartMill assigns a technical rating of 7 / 10 to PLYM.
What is the trend direction for 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 60.632. This indicates that the stock is currently neutral.
What is the buy/sell signal for PLYMOUTH INDUSTRIAL REIT INC (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.
Can you provide the support and resistance levels for PLYMOUTH INDUSTRIAL REIT INC?
PLYMOUTH INDUSTRIAL REIT INC (PLYM) has a support level at 22.14 and a resistance level at 22.4. Check the full technical report for our detailed analysis of PLYM support and resistance levels.