The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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ProLogis
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Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe 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 -2.55 points, or -3.76%, and closed at 65.24 on Friday, October 05, 2018. It was the worst weekly loss since July 20, 2018. Weekly volume was -13% below average.

Long-term trend: [See PLD long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 35.25 and reached 68.20 on August 20, 2018. PLD gained -32.95 points, or -93.48%, in 131 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 63.89 and resistance is at 78.23. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See PLD medium-term trend chart]
A medium-term uptrend had started on July 24, 2018 at 61.88 and reached 68.20 on August 20, 2018. PLD gained -6.32 points, or -10.21%, in 3 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (66.50) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PLD may retest the broken support line. It is considered to be a resistance line now. 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 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 August 3, 2018. 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 downtrend had started on August 20, 2018 at 68.20 and reached 64.37 on August 23, 2018. PLD lost 3.83 points, or 5.62%, in 3 days. The chart has formed a Rectangle chart pattern.

Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since September 17, 2018. This is an indication that the short-term trend is down.

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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.44
Williams' Percentage Range (W%R) 82.90
Oversold
Lane's Stochastic (%D-Slow) 26.60
Greed/Fear Indicator (GFI) 27.05
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.96
Williams' Percentage Range (W%R) 43.20
Lane's Stochastic (%D-Slow) 71.93
Greed/Fear Indicator (GFI) 59.39
Moving Average Converg./Diverg. (MACD) 0.75
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 78.23
Weekly Trendline Resistance 67.87
Upper Bollinger Band 67.81
Parabolic System 67.81
Weekly Stochastic Crossing 66.94
20 Day Moving Average 66.63
Weekly Trendline Support 66.50
50 Day Moving Average 66.23
Daily Stochastic Crossing 65.45
Price 65.24
Lower Bollinger Band 65.01
Quarterly Trendline Support 63.89
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Industrial 20
Daily Trend
Description Value
Direction Down
Chart Pattern Rectangle
High 68.20
High Date 08/20/2018
Low 64.37
Low Date 08/23/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 67.87
Support 66.50
Low 61.88
Low Date 07/24/2018
High 68.20
High Date 08/20/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.28
Low Date 02/09/2018
High 68.20
High Date 08/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 78.23
Support 63.89
Low 35.25
Low Date 02/11/2016
High 68.20
High Date 08/20/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.20
Low Date 11/21/2008
High 68.20
High Date 08/20/2018
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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