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Uptrend ExhaustionArchive
- 4/26/2024 -
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ProLogis (PLD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the ProLogis (PLD). During the week, the PLD climbed 0.57 points, or 0.55%, and closed at 104.06 on Friday, April 26, 2024. Weekly volume was 31% 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 (95.98) 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 101.64 on April 25, 2024. PLD lost 35.88 points, or 26.09%, in 19 weeks. The price is now at the 6.74% retracement level.
 Weekly Technical Indicators: [See PLD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 April 25, 2024 at 101.64 and reached 104.63 on April 26, 2024. PLD gained -2.99 points, or -2.94%, in 1 days. The price is now at the 19.06% retracement level.
 Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 4, 2024.
The distance between the Bollinger Bands (36.94%) is close to one year high (31.04%). It is 260.44% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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