Plymouth Industrial REIT, Inc Forecast and Stock Analysis
Technical PLYM stock analysis for April 24, 2019.
|Shorts||0.46% ( 2019-03-29 )|
Plymouth Industrial REIT, Inc gained 0.59% in the last trading day, rising from $16.85 to $16.95 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 0.89% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 19 150 more shares were traded than the day before. In total, 34 817 shares bought and sold for approximately $590 148.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the PLYM stock was $16.95. This is 0.59% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.20% from a day low at $16.84 to a day high of $17.21.
30 day high of the PLYM stock price was $17.21 and low was $16.00.
90 day high was $17.21 and low was $14.85.
52 week high for the Plymouth Industrial REIT, Inc - $18.27 and low - $10.95.
Plymouth Industrial REIT, Inc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.82% during the next 3 months and, with 90% probability hold a price between $17.47 and $19.22 at the end of this period.
Only positive signals in the chart today. Plymouth Industrial REIT, Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $16.75 and $16.50. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 17, 2019, which indicates further gains until a new top pivot has been found. Plymouth Industrial REIT, Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Plymouth Industrial REIT, Inc finds support from accumulated volume at $16.72.
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 $0.37 (2.20%) between high and low. For the last week, the stock has had a daily average volatility of 1.97%.
Our recommended stoploss: $16.06 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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|PLYM $16.95 ($0.10 0.59%)|
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