PLD fails to close above 200-day moving average


Prologis (PLD) Technical Analysis Report for May 17, 2018

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

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 Candlestick Chart (PLD as at May 17, 2018):

Daily technical analysis candlestick chart for Prologis (PLD) as at May 17, 2018

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.


Market Conditions for PLD as at May 17, 2018

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Latest Report:

PLD runs into sellers again around 63.75

Oct 15, 2018
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