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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Green day on Thursday for Piedmont Office Realty Trust Inc
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 8.82% PDF

The Piedmont Office Realty Trust Inc stock price gained 3.38% on the last trading day (Thursday, 28th Mar 2024), rising from $6.80 to $7.03. During the last trading day the stock fluctuated 3.76% from a day low at $6.78 to a day high of $7.04. The price has risen in 6 of the last 10 days and is up by 12.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 705 thousand shares were bought and sold for approximately $4.96 million.

Given the current short-term trend, the stock is expected to fall -12.71% during the next 3 months and, with a 90% probability hold a price between $4.87 and $6.14 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.

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PDM Signals & Forecast

Mostly positive signals in the chart today. 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 $6.67 and $6.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 17.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

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 $6.39 and $6.28. 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 $6.39. If this is broken, then the next support from accumulated volume will be at $6.28 and $6.27.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.255 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 3.58%.

Our recommended stop-loss: $6.71 (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (PDM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Piedmont Office Realty Trust Inc to open at $6.95, and during the day (based on 14 day Average True Range), to move between $6.80 and $7.26, which gives a possible trading interval of +/-$0.232 (+/-3.30%) 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 6.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.26 (3.27%) than the support at $6.39 (9.10%), 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 Piedmont Office Realty Trust Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.762 Buy Candidate Unchanged

Predicted Opening Price for Piedmont Office Realty Trust Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.95 ( 1.16%) $7.03

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
Resistance R3 7.20 2.47 %
R2 7.11 1.08 %
R1 7.05 0.224 %
Current price: 7.03
Support S1 6.85 -2.55 %
S2 6.79 -3.40 %
S3 6.69 -4.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.42 5.55 %
R2 7.38 4.98 %
R1 7.26 3.27 %
Current price 7.03
Support S1 6.39 -9.10%
S2 6.28 -10.67%
S3 6.27 -10.81%

PDM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 22, 2024 Mar 15, 2024 $0.125 1.98%
2 Oct 25, 2023 Nov 22, 2023 Jan 02, 2024 $0.130 1.76%
3 Jul 26, 2023 Aug 24, 2023 Sep 15, 2023 $0.125 1.97%
4 May 01, 2023 May 25, 2023 Jun 16, 2023 $0.210 2.96%
5 Feb 01, 2023 Feb 23, 2023 Mar 17, 2023 $0.210 3.00%

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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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 2024-03-28, the price of an Piedmont Office Realty Trust Inc (PDM) share was $7.03.

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 $8.05 and the 52-week low is $4.92.

What is the market capitalization of Piedmont Office Realty Trust Inc Stock?
As of the 2024-03-28, the market capitalization of Piedmont Office Realty Trust Inc is 870.321M.

When is the next earnings date for Piedmont Office Realty Trust Inc?
The upcoming earnings date for Piedmont Office Realty Trust Inc is May 06, 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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