RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PDM
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Piedmont Office Realty Trust Inc stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 08, 2024 Gain 12.28% PDF

The Piedmont Office Realty Trust Inc stock price gained 2.21% on the last trading day (Tuesday, 23rd Jul 2024), rising from $8.14 to $8.32. During the last trading day the stock fluctuated 4.78% from a day low at $8.05 to a day high of $8.44. The price has risen in 7 of the last 10 days and is up by 10.64% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 460 thousand shares were bought and sold for approximately $3.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and strong rising 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 $8.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.98% during the next 3 months and, with a 90% probability hold a price between $8.42 and $9.72 at the end of this 3-month period.

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PDM Signals & Forecast

The Piedmont Office Realty Trust 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 $8.22 and $7.45. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, July 17, 2024, and so far it has fallen -0.716%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Piedmont Office Realty Trust Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.20 and $7.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Piedmont Office Realty Trust Inc finds support just below today's level at $7.20. If this is broken, then the next support from accumulated volume will be at $7.00 and $6.95.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.385 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 4.03%.

The Piedmont Office Realty Trust Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $8.07 (-3.01%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (PDM) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Piedmont Office Realty Trust Inc to open at $8.27, and during the day (based on 14 day Average True Range), to move between $8.06 and $8.58, which gives a possible trading interval of +/-$0.259 (+/-3.11%) up or down from last closing price. If Piedmont Office Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.37 (0.60%) than the support at $7.20 (13.46%), 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.

Earnings coming up

Piedmont Office Realty Trust Inc will release earnings AMC on Wednesday, July 31, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.370. We will update the financials statements for Piedmont Office Realty Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.81% in the first trading day after earnings release.

Is Piedmont Office Realty Trust Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Piedmont Office Realty Trust Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.779 Buy Candidate Upgraded

Predicted Opening Price for Piedmont Office Realty Trust Inc of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$8.27 ( 0.621%) $8.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PDM

Fibonacci Support & Resistance Levels

Level Price
R3 8.65 4.01%
R2 8.51 2.24%
R1 8.42 1.15%
Price 8.32
S1 8.12 -2.39%
S2 8.03 -3.48%
S3 7.88 -5.25%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 8.38 0.721%
R1 8.37 0.601%
Price 8.32
S1 7.20 -13.46%
S2 7.00 -15.87%
S3 6.95 -16.47%

PDM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 24, 2024 May 23, 2024 Jun 14, 2024 $0.125 1.76%
2 Feb 01, 2024 Feb 22, 2024 Mar 15, 2024 $0.125 1.98%
3 Oct 25, 2023 Nov 22, 2023 Jan 02, 2024 $0.130 1.76%
4 Jul 26, 2023 Aug 24, 2023 Sep 15, 2023 $0.125 1.97%
5 May 01, 2023 May 25, 2023 Jun 16, 2023 $0.210 2.96%

FAQ

What is the symbol for Piedmont Office Realty Trust Inc Stock and on which exchange is it traded?
The symbol for Piedmont Office Realty Trust Inc is PDM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Piedmont Office Realty Trust Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Piedmont Office Realty Trust Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Piedmont Office Realty Trust Inc Stock?
Piedmont Office Realty Trust Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Piedmont Office Realty Trust Inc Stock.

What's the current price of Piedmont Office Realty Trust Inc Stock?
As of the end of day on the Jul 23, 2024, the price of an Piedmont Office Realty Trust Inc (PDM) share was $8.32.

What is the 52-week high and low for Piedmont Office Realty Trust Inc Stock?
The 52-week high for Piedmont Office Realty Trust Inc Stock is $8.65 and the 52-week low is $4.92.

What is the market capitalization of Piedmont Office Realty Trust Inc Stock?
As of the Jul 23, 2024, the market capitalization of Piedmont Office Realty Trust Inc is 1.008B.

When is the next earnings date for Piedmont Office Realty Trust Inc?
The upcoming earnings date for Piedmont Office Realty Trust Inc is Jul 31, 2024.
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About Piedmont Office Realty Trust Inc

Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is ... PDM Profile

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