Piedmont Office Realty Trust Inc Stock Forecast
Red day on Thursday for Piedmont Office Realty Trust Inc stock after losing 0.625%
(Updated on Apr 18, 2024)
The Piedmont Office Realty Trust Inc stock price fell by -0.625% on the last day (Thursday, 18th Apr 2024) from $6.40 to $6.36. During the last trading day the stock fluctuated 2.29% from a day low at $6.34 to a day high of $6.48. The price has been going up and down for this period, and there has been a -2.3% loss for the last 2 weeks. Volume has increased on the last day by 28 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 537 thousand shares were bought and sold for approximately $3.42 million.
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 -6.12% during the next 3 months and, with a 90% probability hold a price between $5.35 and $6.50 at the end of this 3-month period.
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PDM Signals & Forecast
There are few to no technical positive signals at the moment. The Piedmont Office Realty Trust Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.52 and $6.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Piedmont Office Realty Trust Inc stock
Piedmont Office Realty Trust Inc finds support from accumulated volume at $6.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.145 (2.29%) between high and low. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PDM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Piedmont Office Realty Trust Inc to open at $6.39, and during the day (based on 14 day Average True Range), to move between $6.13 and $6.59, which gives a possible trading interval of +/-$0.231 (+/-3.63%) up or down from last closing price. If Piedmont Office Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 7.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.39 (0.47%) than the support at $6.28 (1.26%), 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 Piedmont Office Realty Trust Inc stock A Buy?
Piedmont Office Realty Trust Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.517 Sell Candidate Unchanged
Predicted Opening Price for Piedmont Office Realty Trust Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $6.39 ( 0.498%) | $6.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.54 | 2.78 % | |
| R2 | 6.48 | 1.91 % | ||
| R1 | 6.45 | 1.37 % | ||
| Current price: | 6.36 | |||
| Support | S1 | 6.34 | -0.373 % | |
| S2 | 6.30 | -0.91 % | ||
| S3 | 6.25 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.65 | 4.56 % | |
| R2 | 6.62 | 4.09 % | ||
| R1 | 6.39 | 0.472 % | ||
| Current price | 6.36 | |||
| Support | S1 | 6.28 | -1.26% | |
| S2 | 6.27 | -1.42% | ||
| S3 | 6.14 | -3.46% |
PDM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.125 | 1.98% |
| 2 | Oct 25, 2023 | Nov 22, 2023 | Jan 02, 2024 | $0.130 | 1.76% |
| 3 | Jul 26, 2023 | Aug 24, 2023 | Sep 15, 2023 | $0.125 | 1.97% |
| 4 | May 01, 2023 | May 25, 2023 | Jun 16, 2023 | $0.210 | 2.96% |
| 5 | Feb 01, 2023 | Feb 23, 2023 | Mar 17, 2023 | $0.210 | 3.00% |
FAQ
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