Friday May 24, 2019 Change 0.00% Price $20.29
Chart period: 2019-02-25 - 2019-05-24
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will PDM stock price go up or down on Tue, 28 May 2019?

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Piedmont Office Realty Trust Inc Forecast and Stock Analysis

Technical PDM stock analysis for Friday May 24, 2019.

Sell candidate since 2019-05-24
Shorts 8.58% ( 2019-04-15 )
Insider % 1.70%
Institutional % n/a
Beta 0.52
ROA 3.47%
Price to book USD 1.48
P/E Ratio 20.96
Next Earnings Date 2019-08-04


No changes to the price of Piedmont Office Realty Trust Inc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $20.29 to a day high of $20.29. The price has fallen in 5 of the last 10 days and is down by -2.22% for this period.

Quick summary:

  • 30 day high of the PDM stock price was $21.40 and low was $20.22.
  • 90 day high was $21.40 and low was $19.94.
  • 52 week high for the Piedmont Office Realty Trust Inc - $21.40 and low - $16.44.

Trend

Piedmont Office Realty Trust Inc is the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $20.20 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Piedmont Office Realty Trust Inc with 90% probability to be traded between $20.41 and $21.61 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday May 23, 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 $20.52 and $20.71. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Piedmont Office Realty Trust Inc finds support from accumulated volume at $20.28.

Support: $20.28 Price: $20.29 Resistance: $20.47

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.98%.

Piedmont Office Realty Trust Inc is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

0.98 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Piedmont Office Realty Trust Inc holds several negative signals and is within a falling trend, so we believe 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate Downgraded
PDM $20.29 ($0.00 0.00%)
PDM is down $0.00 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for PDM based on the 1-3 month system that more than doubles the S&P 500.

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Will PDM stock price go up or down
on Tue, 28 May 2019?

Predict

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