PLD fails to close above 200-day moving average
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.
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.
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.
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.
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
|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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