PLD fails to close above 200-day moving average


Prologis (PLD) Technical Analysis Report for 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
Report Sentiment: 0% Neutral
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.

Market Conditions for Prologis
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Bearish Break through SMA 100 TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
More market conditions identified for TQ Pro members...
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