Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for Plymouth Industrial REIT, Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Plymouth Industrial REIT, Inc stock price gained 1.01% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.89 to $22.11. During the last trading day the stock fluctuated 1.55% from a day low at $21.78 to a day high of $22.12. The price has been going up and down for this period, and there has been a 1.75% gain for the last 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 171 thousand shares were bought and sold for approximately $3.78 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.19 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.62% during the next 3 months and, with a 90% probability hold a price between $18.81 and $20.28 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 $22.05 and $21.85. 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 3.95%. 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 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 $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 $0.338 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: $20.94 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (PLYM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Plymouth Industrial REIT, Inc to open at $22.00, and during the day (based on 14 day Average True Range), to move between $21.73 and $22.49, which gives a possible trading interval of +/-$0.382 (+/-1.73%) 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 3.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.73 (1.72%) than the resistance at $22.98 (3.93%), 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?

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.046 Buy Candidate Upgraded

Predicted Opening Price for Plymouth Industrial REIT, Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$22.00 ( 0.480%) $22.11

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 22.34 1.05 %
R2 22.21 0.466 %
R1 22.13 0.105 %
Current price: 22.11
Support S1 21.87 -1.06 %
S2 21.79 -1.43 %
S3 21.67 -2.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.27 9.77 %
R2 23.53 6.42 %
R1 22.98 3.93 %
Current price 22.11
Support S1 21.73 -1.72%
S2 21.63 -2.17%
S3 21.50 -2.76%

PLYM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 27, 2024 Apr 30, 2024 $0.240 1.09%
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

What is the symbol for Plymouth Industrial REIT, Inc Stock and on which exchange is it traded?
The symbol for Plymouth Industrial REIT, Inc is PLYM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Plymouth Industrial REIT, Inc Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Plymouth Industrial REIT, Inc Stock?
Plymouth Industrial REIT, Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Plymouth Industrial REIT, Inc Stock.

What's the current price of Plymouth Industrial REIT, Inc Stock?
As of the end of day on the 2024-03-27, the price of an Plymouth Industrial REIT, Inc (PLYM) share was $22.11.

What is the 52-week high and low for Plymouth Industrial REIT, Inc Stock?
The 52-week high for Plymouth Industrial REIT, Inc Stock is $25.55 and the 52-week low is $19.21.

What is the market capitalization of Plymouth Industrial REIT, Inc Stock?
As of the 2024-03-27, the market capitalization of Plymouth Industrial REIT, Inc is 1.003B.

When is the next earnings date for Plymouth Industrial REIT, Inc?
The upcoming earnings date for Plymouth Industrial REIT, Inc is May 02, 2024.
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About Plymouth Industrial REIT, Inc

Plymouth Industrial REIT Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through ac... PLYM Profile

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