Prologis stock: buy or sell
Jul 29th, 2021
Prologis stock brief
- Prologis inched down a -1.21% after making new highs on Tuesday
- Prologis presented its earnings report on July 20
- Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.
Should I buy Prologis stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PLD stock a buy?
Currently, Prologis stock matches one trading strategy:
Uptrend buy setup
Prologis stock is in an uptrend since last January that so far has marked a gorgeous 39.00% gain. Price marked a local bottom in this uptrend at $119.15 last Thursday, and since then it bounced off a 7.12%. Price just broke out above the buy point at $125.92, but it can be traded. If price goes beyond $132.22, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $115.58
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$125.92||$115.58||8.22%|
Should I sell Prologis stock?
When is it time to sell Prologis?. Trading strategies prevent us from making impulsive decisions based on our emotions or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies should not be used for shorting Prologis stock
As a rule of thumb, you should not keep an operation that produces losses greater than those expected at the time of purchase. The moment to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Prologis stock?
Currently, Prologis stock doesn't match any of our preferred sell setups, so if you own Prologis shares and your operation is in profit probably is not time to sell now
We don't have any rating posted in the last month for Prologis
Prologis stock analysis
Since last January, Prologis has been printing an uptrend that so far marked a gorgeous 38.67%. During this uptrend, the price offered some entry points on the breakouts. Latest low was last Thursday, when price bounced at $119.15. On July 14, Prologis broke out above its last top ($125.92) offering a good buying opportunity
$PLD at new All-time Highs
On Tuesday, Prologis marked all-time highs (ATH) again at $129.35
Supports and resistances
Price is at highs and there are not upper resistances.
The current supports are:
The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 59.87. Since then, Prologis stock grew a 1.67%
Prologis stock price history
Prologis went public on Nov 21st, 1997 at $8.77 per share1. Since then, PLD stock surged by 1,355.30%, with an average of 58.93% per year. If you had invested $1,000USD in Prologis stock on the IPO, it would have a value of $14,553.02 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Prologis stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by analysts over the last 30 days. Again, these predictions are not direct recommendations for individual investors and should not be trusted blindly.
In the last 30 days we couldn't find any price target posted for Prologis stock.
Earnings and financials
Prologis, Inc. ($PLD) posted earnings of $1.01 per share on July 20, significantly beating the Market consensus estimate of $0.44 per share. This Q2 report represents an earnings surprise of 129.55%. On the contrary, reported sales were $1.0 billion, aligned with the market forecasts.This compares to Earnings of $0.54 per share a year ago, so reported EPS means a gain of 87.04%. Looking at revenue, figures inched down a -7.35% compared to $13.2B same quarter a year ago.
Prologis ($PLD) will host the earnings call next October. Market analysts analysts estimate of $0.51, that is a 49.50% lower than Q2.
Please read:The comments expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for education motives only
|Wednesday, July 28th, 2021|
|Day range||$127.17 - $129.13|
|Average true range||$2.21|
|50d mov avg||$122.37|
|100d mov avg||$115.47|
|200d mov avg||$107.51|
|Earnings date||October 18th, 2021|