ProLogis Inc Stock Forecast
Green day on Thursday for ProLogis Inc
(Updated on Mar 28, 2024)
The ProLogis Inc stock price gained 1.06% on the last trading day (Thursday, 28th Mar 2024), rising from $128.86 to $130.22. During the last trading day the stock fluctuated 1.11% from a day low at $129.11 to a day high of $130.54. The price has fallen in 6 of the last 10 days and is down by -0.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 514 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $478.70 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ProLogis Inc stock with a 90% probability to be traded between $125.71 and $135.80 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.
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PLD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.06%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ProLogis Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $131.65. On a fall, the stock will find some support from the short-term average at $128.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ProLogis Inc stock
ProLogis Inc finds support from accumulated volume at $129.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.43 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $124.00 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (PLD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ProLogis Inc to open at $129.96, and during the day (based on 14 day Average True Range), to move between $127.69 and $132.75, which gives a possible trading interval of +/-$2.53 (+/-1.94%) up or down from last closing price. If ProLogis Inc takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $129.97 (0.19%) than the resistance at $130.50 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ProLogis Inc stock A Buy?
ProLogis Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.120 Hold/Accumulate Unchanged
Predicted Opening Price for ProLogis Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$129.96 ( 0.202%) | $130.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 131.39 | 0.90 % | |
R2 | 130.84 | 0.476 % | ||
R1 | 130.50 | 0.217 % | ||
Current price: | 130.22 | |||
Support | S1 | 129.41 | -0.622 % | |
S2 | 129.07 | -0.88 % | ||
S3 | 128.53 | -1.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 133.10 | 2.21 % | |
R2 | 131.66 | 1.11 % | ||
R1 | 130.50 | 0.215 % | ||
Current price | 130.22 | |||
Support | S1 | 129.97 | -0.192% | |
S2 | 129.25 | -0.745% | ||
S3 | 129.02 | -0.92% |
PLD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.96 | 0.737% |
2 | Dec 07, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.87 | 0.653% |
3 | Sep 06, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.87 | 0.775% |
4 | May 04, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.87 | 0.709% |
5 | Feb 23, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.87 | 0.697% |
FAQ
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