Plymouth Industrial REIT, Inc Stock Forecast
Plymouth Industrial REIT, Inc stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Plymouth Industrial REIT, Inc stock price gained 2.07% on the last trading day (Monday, 22nd Apr 2024), rising from $20.33 to $20.75. During the last trading day the stock fluctuated 2.89% from a day low at $20.23 to a day high of $20.82. The price has fallen in 6 of the last 10 days and is down by -6.02% for this period. Volume fell on the last day by -41 thousand shares and in total, 143 thousand shares were bought and sold for approximately $2.97 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 -6.01% during the next 3 months and, with a 90% probability hold a price between $18.81 and $20.81 at the end of this 3-month period.
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PLYM Signals & Forecast
There are mixed signals in the stock today. The Plymouth Industrial REIT, 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 $21.52. On a fall, the stock will find some support from the short-term average at $20.58. 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). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.44%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Plymouth Industrial REIT, Inc stock
Plymouth Industrial REIT, Inc finds support from accumulated volume at $20.33 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 $0.585 between high and low, or 2.89%. 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 (PLYM) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Plymouth Industrial REIT, Inc to open at $20.60, and during the day (based on 14 day Average True Range), to move between $20.28 and $21.22, which gives a possible trading interval of +/-$0.474 (+/-2.28%) up or down from last closing price. If Plymouth Industrial REIT, Inc takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.33 (2.02%) than the resistance at $21.63 (4.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Plymouth Industrial REIT, Inc stock A Buy?
Plymouth Industrial REIT, 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: -1.886 Sell Candidate Downgraded
Predicted Opening Price for Plymouth Industrial REIT, Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $20.60 ( 0.731%) | $20.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLYM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.18 | 2.09 % | |
| R2 | 20.96 | 1.01 % | ||
| R1 | 20.82 | 0.346 % | ||
| Current price: | 20.75 | |||
| Support | S1 | 20.37 | -1.81 % | |
| S2 | 20.24 | -2.47 % | ||
| S3 | 20.01 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.50 | 8.43 % | |
| R2 | 21.73 | 4.72 % | ||
| R1 | 21.63 | 4.24 % | ||
| Current price | 20.75 | |||
| Support | S1 | 20.33 | -2.02% | |
| S2 | 20.24 | -2.46% | ||
| S3 | 20.06 | -3.33% |
PLYM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.240 | 1.16% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.225 | 1.02% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.225 | 1.13% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.225 | 0.99% |
| 5 | Feb 22, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.225 | 1.11% |
FAQ
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