Piedmont Office Realty Trust Inc Forecast and Stock Analysis
Technical PDM stock analysis for March 22, 2019.
|Shorts||9.59% ( 2019-02-28 )|
Piedmont Office Realty Trust Inc fell by -0.98% in the last day from $20.48 to $20.28 The price has fallen in 7 of the last 10 days . Volume has increased in the last day by 80 042 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 490 928 shares bought and sold for approximately $9.96 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the PDM stock was $20.28. This is 0.98% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.48% from a day low at $20.28 to a day high of $20.58.
30 day high of the PDM stock price was $20.94 and low was $19.94.
90 day high was $20.94 and low was $16.44.
52 week high for the Piedmont Office Realty Trust Inc - $20.94 and low - $16.44.
Piedmont Office Realty Trust Inc has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $20.32. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Piedmont Office Realty Trust Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $20.39 and $20.41. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Piedmont Office Realty Trust Inc finds support from accumulated volume at $19.36.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.30 (1.48%) between high and low. For the last week, the stock has had a daily average volatility of 2.03%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Piedmont Office Realty Trust Inc stock holds several negative signals and despite the positive trend we believe Piedmont Office Realty Trust Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.