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Automotive Retail Industry Stocks Technical Analysis - PLDArchive
- 5/10/2024 -
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ProLogis (PLD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the ProLogis (PLD). During the week, the PLD gained 1.60 points, or 1.51%, and closed at 107.49 on Friday, May 10, 2024. Weekly volume was 15% above average.
PLD is a member of Industrial REITs Industry. Industrial REITs is the fourth 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 (95.93) 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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 99.17 and resistance is at 134.46. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See PLD weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. 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 link to access Lane's Stochastic 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, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 108.51 on May 10, 2024. PLD gained -7.40 points, or -7.32%, in 8 days. The price is now at the 13.78% retracement level.
 Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
5 |
| Industry |
Industrial REITs |
4 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
101.11 |
| Low Date |
05/02/2024 |
| High |
108.51 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
135.76 |
| High Date |
03/11/2024 |
| Low |
101.11 |
| Low Date |
05/02/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
134.46 |
| Support |
99.17 |
| High |
137.52 |
| High Date |
12/14/2023 |
| Low |
101.11 |
| Low Date |
05/02/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
96.64 |
| Low Date |
10/27/2023 |
| High |
137.52 |
| High Date |
12/14/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
75.35 |
| Support |
95.93 |
| High |
174.54 |
| High Date |
04/21/2022 |
| Low |
96.64 |
| Low Date |
10/27/2023 |
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