PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PLYM - US7296401026 - REIT
Taking everything into account, PLYM scores 4 out of 10 in our technical rating. In the last year, PLYM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- PLYM is part of the Diversified REITs industry. There are 126 other stocks in this industry. PLYM outperforms 83% 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 1463720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PLYM is one of the better performing stocks in the market, outperforming 75% of all 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 21.98.
PLYM has an average technical rating and the quality of the presented setup is also 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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13.94
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.55 to 21.80. 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 @15.34 from a trend line in the daily time frame.
- Support @14.08 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.90 to 22.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for PLYM is neutral. |
| ChartMill Relative Strength | 75.38 | POSITIVE | PLYM has a high relative strength, it outperformed 75.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PLYM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLYM is below 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) | 44.67 | NEUTRAL | The RSI value for PLYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PLYM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.61 | NEUTRAL | The Stochastics value for PLYM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for PLYM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.61 | NEGATIVE | The low ADX value for PLYM suggests a weak or negative trend. |
21.87
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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 4 / 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 44.669. 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 0.00235455, indicating a bearish trend.