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Industrial REITs Industry Stocks Technical Analysis - PLDArchive
- 5/3/2024 -
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ProLogis (PLD) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the ProLogis (PLD). During the week, the PLD gained 1.83 points, or 1.76%, and closed at 105.89 on Friday, May 3, 2024. It was the best weekly gain since February 9, 2024. Weekly volume was 42% above average.
PLD is a member of Industrial REITs Industry. Industrial REITs is the third most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PLD long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 174.54 and reached 96.64 on October 27, 2023. PLD lost 77.90 points, or 44.63%, in 79 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (95.95) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See PLD medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 137.52 and reached 101.11 on May 2, 2024. PLD lost 36.41 points, or 26.48%, in 20 weeks. The price is now at the 13.13% retracement level.
 Weekly Technical Indicators: [See PLD weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See PLD short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 101.11 and reached 108.08 on May 3, 2024. PLD gained -6.97 points, or -6.89%, in 1 days. The price is now at the 31.42% retracement level.
 Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is 185.86% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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