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|It was a first positive week after 5 consecutive negative weeks for the ProLogis (PLD). During the week, the PLD gained 4.36 points, or 7.52%, and closed at 62.36 on Friday, January 11, 2019. Weekly volume was -8% 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 68.95 on December 4, 2018. PLD gained -33.70 points, or -95.60%, in 146 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (66.64) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See PLD medium-term trend chart]
A medium-term downtrend had started on December 4, 2018 at 68.95 and reached 55.21 on December 26, 2018. PLD lost 13.74 points, or 19.93%, in 3 weeks. The price is now at the 52.04% retracement level.
Weekly Technical Indicators: [See PLD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 7, 2018. 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 December 26, 2018 at 55.21 and reached 62.48 on January 10, 2019. PLD gained -7.27 points, or -13.17%, in 15 days. Price is near the trend high.
Daily Technical Indicators: [See PLD daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 104.84% higher then one year average. It indicates the period of high volatility of the stock price. 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.