Plymouth Industrial REIT, Inc Stock Forecast
Plymouth Industrial REIT, Inc stock price up 1.76% on Thursday
(Updated on Mar 28, 2024)
The Plymouth Industrial REIT, Inc stock price gained 1.76% on the last trading day (Thursday, 28th Mar 2024), rising from $22.11 to $22.50. During the last trading day the stock fluctuated 1.46% from a day low at $22.19 to a day high of $22.51. The price has risen in 6 of the last 10 days and is up by 4.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 145 thousand more shares were traded than the day before. In total, 316 thousand shares were bought and sold for approximately $7.11 million.
Given the current short-term trend, the stock is expected to fall -7.75% during the next 3 months and, with a 90% probability hold a price between $19.02 and $20.76 at the end of this 3-month period. 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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PLYM Signals & Forecast
Mostly positive signals in the chart today. The Plymouth Industrial REIT, 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 $22.15 and $21.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 5.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Plymouth Industrial REIT, Inc stock
Plymouth Industrial REIT, Inc finds support from accumulated volume at $21.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.325 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: $21.23 (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (PLYM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Plymouth Industrial REIT, Inc to open at $22.40, and during the day (based on 14 day Average True Range), to move between $22.12 and $22.88, which gives a possible trading interval of +/-$0.384 (+/-1.70%) 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 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.98 (2.13%) than the support at $21.73 (3.42%), 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.
Is Plymouth Industrial REIT, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.134 Buy Candidate Unchanged
Predicted Opening Price for Plymouth Industrial REIT, Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$22.40 ( 0.452%) | $22.50 |
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 | 22.72 | 0.99 % | |
R2 | 22.60 | 0.441 % | ||
R1 | 22.52 | 0.0999 % | ||
Current price: | 22.50 | |||
Support | S1 | 22.27 | -1.00 % | |
S2 | 22.20 | -1.34 % | ||
S3 | 22.07 | -1.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.53 | 4.58 % | |
R2 | 23.01 | 2.27 % | ||
R1 | 22.98 | 2.13 % | ||
Current price | 22.50 | |||
Support | S1 | 21.73 | -3.42% | |
S2 | 21.63 | -3.87% | ||
S3 | 21.50 | -4.44% |
PLYM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.240 | 1.07% |
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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