Piedmont Office Realty Trust Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Piedmont Office Realty Trust Inc stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The Piedmont Office Realty Trust Inc stock price fell by -1.15% on the last day (Wednesday, 24th Apr 2024) from $6.97 to $6.89. During the last trading day the stock fluctuated 2.13% from a day low at $6.82 to a day high of $6.96. The price has been going up and down for this period, and there has been a 3.61% gain for the last 2 weeks. Volume has increased on the last day by 383 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 983 thousand shares were bought and sold for approximately $6.77 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $6.99 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Piedmont Office Realty Trust Inc stock with a 90% probability to be traded between $5.78 and $6.87 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.99%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $6.60 and $6.56. A breakdown below any of these levels will issue sell signals.
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 $0.145 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 3.32%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Piedmont Office Realty Trust Inc to open at $6.89, and during the day (based on 14 day Average True Range), to move between $6.66 and $7.12, which gives a possible trading interval of +/-$0.233 (+/-3.38%) 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 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.95 (0.87%) than the support at $6.39 (7.26%), 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 Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.390. 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 +/- 2.82% in the first trading day after earnings release.
Is Piedmont Office Realty Trust Inc stock A Buy?
Piedmont Office Realty Trust Inc holds several negative signals and we believe that 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.666 Sell Candidate Downgraded
Predicted Opening Price for Piedmont Office Realty Trust Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $6.89 ( 0.0242%) | $6.89 |
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 | 7.03 | 2.08 % | |
| R2 | 6.98 | 1.28 % | ||
| R1 | 6.94 | 0.780 % | ||
| Current price: | 6.89 | |||
| Support | S1 | 6.83 | -0.83 % | |
| S2 | 6.80 | -1.32 % | ||
| S3 | 6.74 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.38 | 7.11 % | |
| R2 | 7.03 | 2.03 % | ||
| R1 | 6.95 | 0.87 % | ||
| Current price | 6.89 | |||
| Support | S1 | 6.39 | -7.26% | |
| S2 | 6.28 | -8.85% | ||
| S3 | 6.27 | -9.00% |
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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