Piedmont Office Realty Trust Inc Stock Forecast
Green day on Friday for Piedmont Office Realty Trust Inc stock after gaining 2.20%
(Updated on Apr 19, 2024)
The Piedmont Office Realty Trust Inc stock price gained 2.20% on the last trading day (Friday, 19th Apr 2024), rising from $6.36 to $6.50. During the last trading day the stock fluctuated 3.00% from a day low at $6.33 to a day high of $6.52. The price has been going up and down for this period, and there has been a -1.52% loss for the last 2 weeks. Volume fell on the last day by -150 thousand shares and in total, 387 thousand shares were bought and sold for approximately $2.51 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.56% during the next 3 months and, with a 90% probability hold a price between $5.40 and $6.55 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.50 and $6.50. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 28, 2024, and so far it has fallen -7.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Piedmont Office Realty Trust Inc stock
Piedmont Office Realty Trust Inc finds support from accumulated volume at $6.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.190 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PDM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Piedmont Office Realty Trust Inc to open at $6.45, and during the day (based on 14 day Average True Range), to move between $6.27 and $6.73, which gives a possible trading interval of +/-$0.228 (+/-3.51%) 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 7.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.39 (1.69%) than the resistance at $6.62 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Piedmont Office Realty Trust Inc stock A Buy?
Piedmont Office Realty Trust Inc holds several negative signals and is within a wide and 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.
Current score: -1.536 Sell Candidate Unchanged
Predicted Opening Price for Piedmont Office Realty Trust Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $6.45 ( 0.769%) | $6.50 |
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 | 6.64 | 2.15 % | |
| R2 | 6.57 | 1.04 % | ||
| R1 | 6.52 | 0.347 % | ||
| Current price: | 6.50 | |||
| Support | S1 | 6.38 | -1.89 % | |
| S2 | 6.33 | -2.58 % | ||
| S3 | 6.26 | -3.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.80 | 4.62 % | |
| R2 | 6.65 | 2.31 % | ||
| R1 | 6.62 | 1.85 % | ||
| Current price | 6.50 | |||
| Support | S1 | 6.39 | -1.69% | |
| S2 | 6.28 | -3.38% | ||
| S3 | 6.27 | -3.54% |
PDM Dividend Payout History
| # | 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
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