Plymouth Industrial REIT, Inc Stock Forecast
Evaluation of Plymouth Industrial REIT, Inc stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Plymouth Industrial REIT, Inc stock price fell by -0.701% on the last day (Friday, 17th May 2024) from $21.41 to $21.26. During the last trading day the stock fluctuated 1.94% from a day low at $21.12 to a day high of $21.53. The price has been going up and down for this period, and there has been a 3.4% gain for the last 2 weeks. Volume has increased on the last day by 53 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 211 thousand shares were bought and sold for approximately $4.48 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $21.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.90% during the next 3 months and, with a 90% probability hold a price between $18.45 and $20.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PLYM Signals & Forecast
The Plymouth Industrial REIT, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.02 and $20.98. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.701%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Plymouth Industrial REIT, Inc stock
Plymouth Industrial REIT, Inc finds support from accumulated volume at $20.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.410 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLYM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Plymouth Industrial REIT, Inc to open at $21.30, and during the day (based on 14 day Average True Range), to move between $20.82 and $21.70, which gives a possible trading interval of +/-$0.445 (+/-2.09%) up or down from last closing price. If Plymouth Industrial REIT, Inc takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.50 (1.13%) than the support at $20.52 (3.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Plymouth Industrial REIT, Inc stock A Buy?
Plymouth Industrial REIT, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.137 Sell Candidate Downgraded
Predicted Opening Price for Plymouth Industrial REIT, Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $21.30 ( 0.204%) | $21.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLYM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.71 | 2.13 % | |
| R2 | 21.56 | 1.40 % | ||
| R1 | 21.46 | 0.94 % | ||
| Current price: | 21.26 | |||
| Support | S1 | 21.15 | -0.533 % | |
| S2 | 21.05 | -0.99 % | ||
| S3 | 20.89 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.73 | 2.21 % | |
| R2 | 21.63 | 1.74 % | ||
| R1 | 21.50 | 1.13 % | ||
| Current price | 21.26 | |||
| Support | S1 | 20.52 | -3.48% | |
| S2 | 20.24 | -4.80% | ||
| S3 | 20.06 | -5.64% |
PLYM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.240 | 1.15% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.225 | 1.02% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.225 | 1.13% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.225 | 0.99% |
| 5 | Feb 22, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.225 | 1.11% |
FAQ
Click here for our free guide on how to buy Plymouth Industrial REIT, Inc Stock.
