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Archive
- 11/8/2024 -
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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 for the ProLogis (PLD). During the week, the PLD gained 2.40 points, or 2.12%, and closed at 115.80 on Friday, November 8, 2024. It was the best weekly gain since September 13, 2024. PLD was trading at average weekly trading volume.
PLD is a member of Industrial REITs Industry. Industrial REITs is the sixth 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 uptrend had started on October 27, 2023 at 96.64 and reached 137.52 on December 14, 2023. PLD gained -40.88 points, or -42.30%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 105.72 and resistance is at 131.41. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See PLD medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 132.57 and reached 111.40 on November 6, 2024. PLD lost 21.17 points, or 15.97%, in 8 weeks. The price is now at the 20.78% retracement level.
 Weekly Technical Indicators: [See PLD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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.
The weekly MACD line is below its signal line since October 18, 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 October 16, 2024 at 127.65 and reached 111.40 on November 6, 2024. PLD lost 16.25 points, or 12.73%, in 21 days. The price is now at the 27.08% retracement level.
 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since October 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (116.12) comes close to the price (115.80). It indicates that the trend is getting weaker. 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.
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