PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Technical Analysis
NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD
We assign a technical rating of 2 out of 10 to PLYM. Recently some decent action could be observed, but in the medium term time frame this is still negative. PLYM was also a bad performer in the overall market in the last year.
PLYM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PLYM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.16
When analyzing the support we notice one important area.
- A support zone ranging from 16.32 to 16.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.34 to 17.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.81 from a trend line in the weekly time frame.
- Resistance @25.14 from a horizontal line in the weekly time frame.
17.25
-0.05 (-0.29%)