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Uptrend Broken SupportArchive
- 4/19/2024 -
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ProLogis (PLD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the ProLogis (PLD). During the week, the PLD dropped -15.51 points, or -13.03%, and closed at 103.49 on Friday, April 19, 2024. Weekly volume was 122% above average.
PLD is a member of Real Estate Sector. Real Estate is the second most oversold sector. PLD is a member of Industrial REITs Industry. Industrial REITs is the fifth 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 (96.01) 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 102.52 on April 19, 2024. PLD lost 35.00 points, or 25.45%, in 18 weeks. Price is near the trend low.
 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. Use the following link to access a MACD help.
 Short-term trend: [See PLD short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 135.76 and reached 102.52 on April 19, 2024. PLD lost 33.24 points, or 24.48%, in 39 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (120.52) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a short-term trend.
 Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands (31.04%) is close to one year high (24.11%). It is 216.50% 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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