Plymouth Industrial REIT, Inc Forecast and Stock Analysis
Technical PLYM stock analysis for February 21, 2019.
|Shorts||0.33% ( 2019-01-31 )|
Plymouth Industrial REIT, Inc fell by -0.13% in the last day from $15.62 to $15.60 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days , but is still down by -1.39% for this period. Volume has increased in the last day by 4 041 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 9 217 shares bought and sold for approximately $143 785.00.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the PLYM stock was $15.60. This is 0.13% less than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 1.96% from a day low at $15.30 to a day high of $15.60.
30 day high of the PLYM stock price was $16.20 and low was $15.05.
90 day high was $16.40 and low was $11.16.
52 week high for the Plymouth Industrial REIT, Inc - $18.27 and low - $10.95.
Plymouth Industrial REIT, Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $15.03 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 35.08% during the next 3 months and, with 90% probability hold a price between $20.30 and $24.98 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday February 12, 2019, which indicates further falls until a new bottom pivot has been found. Plymouth Industrial REIT, Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". Plymouth Industrial REIT, Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $15.80. On a fall, the stock will find some support from the long-term average at approximately $15.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $14.70 and $12.26.
There is 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, Plymouth Industrial REIT, Inc finds support just below today's level at $14.70. If this is broken, then the next support from accumulated volume will be at $12.26 and $11.87.
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 $0.30 (1.96%) between high and low. For the last week, the stock has had a daily average volatility of 2.15%.
Our recommended stoploss: $14.96 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 6 days ago.)
Very Low Low Medium High Very High
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.