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- 5/15/2020 -
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ProLogis (PLD)

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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the ProLogis (PLD). During the week, the PLD dropped -6.69 points, or -7.44%, and closed at 83.28 on Friday, May 15, 2020. It was the worst weekly loss since March 20, 2020. Weekly volume was -28% below average.

PLD is a member of Real Estate Sector. Real Estate is the second most oversold sector. 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 uptrend had started on November 21, 2008 at 2.20 and reached 99.79 on February 21, 2020. PLD gained -97.59 points, or -4435.91%, in 587 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (61.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 uptrend had started on February 11, 2016 at 35.25 and reached 99.79 on February 21, 2020. PLD gained -64.54 points, or -183.09%, in 210 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (63.74) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See PLD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 1, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 23, 2020 at 59.82 and reached 94.18 on April 28, 2020. PLD gained -34.36 points, or -57.44%, in 36 days. The price is now at the 31.72% retracement level.

Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 30, 2020.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.62
Williams' Percentage Range (W%R) 78.40
Lane's Stochastic (%D-Slow) 25.51
Greed/Fear Indicator (GFI) 25.25
Moving Average Converg./Diverg. (MACD) 1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.09
Williams' Percentage Range (W%R) 41.60
Lane's Stochastic (%D-Slow) 75.69
Greed/Fear Indicator (GFI) 59.96
Moving Average Converg./Diverg. (MACD) -0.23
Trading Signals
Description Value Chart
Parabolic System 92.21
Upper Bollinger Band 90.80
20 Day Moving Average 87.60
Weekly Stochastic Crossing 86.25
Price 83.28
Daily Stochastic Crossing 82.00
50 Day Moving Average 81.52
Lower Bollinger Band 81.39
Quarterly Trendline Resistance 77.61
Yearly Trendline Resistance 75.45
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Industrial REITs 94
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.82
Low Date 03/23/2020
High 94.18
High Date 04/28/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.79
High Date 02/21/2020
Low 59.82
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.21
Low Date 12/26/2018
High 99.79
High Date 02/21/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 77.61
Support 63.74
Low 35.25
Low Date 02/11/2016
High 99.79
High Date 02/21/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 75.45
Support 61.75
Low 2.20
Low Date 11/21/2008
High 99.79
High Date 02/21/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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