PLD fails to close above 200-day moving average


Technical Analysis Report for PLD - May 17, 2018 [< 1 min read]
Highlights
PLD fails to close above 200-day moving average
PLD closes lower for the 5th day in a row
PLD falls to lowest close since April 16th
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 5th day in a row, PLD finished Thursday at 63.28 losing $0.12 (-0.19%). Today's closing price of 63.28 marks the lowest close since April 16th.

Daily chart for PLD
Volatility

Thursday's trading range was $0.62 (0.98%), that's below last trading month's daily average range of $0.86. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 63.07. After spiking up to 63.71 during the day, Prologis found resistance at the 200-day moving average at 63.60.

Trend

While the market is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bearish Bounce off SMA 200 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
5 Consecutive Lower Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

PLD rallies 1.57% closing $1.00 higher

May 23, 2018
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