Prologis stock: buy or sell
Apr 22nd, 2021
Prologis stock brief
- Prologis just moved a -0.03% after marking new all-time highs on Wednesday
- The price is currently over the upper Bollinger band, which usually indicates a short-term correction
- Last Monday, Prologis made public its Q1 earnings report
- BTIG Research and Raymond James published neutral ratings for Prologis last Friday, with an average target of $123.00
- Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.
Should I buy Prologis stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
In the current situation of Prologis there is not any eligible buy setup. This doesn't mean we expect a selloff for $PLD in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Prologis stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies allow us to avoid impetuous decisions based on our feelings or the buzz surrounding the market. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for selling short $PLD stock
As a golden rule, you should never hold an operation that shows a greater losses than those expected by the time of purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Prologis stock?
In the current situation of Prologis there is not any eligible sell setup, so Prologis stock holders with operations in green can keep their positions
In the last 30 days, 2 analyst ratings were published for Prologis
|Apr 16th, 2021|
|BTIG Research|| |
Prologis stock analysis
Prologis shares started an uptrend last January, and gained a gorgeous 24.00%. The price action shows higher tops and bottoms, and along the way gave very few buy points for those who wanted to invest. Latest low was in early March, when price bounced at $93.56. On April 6, Prologis broke out above its last top ($108.42) offering a good buying opportunity
$PLD at Highs
Prologis did it again, and hit all-time highs (ATH) on Wednesday at $115.86. It's the fourth time in the last 10 sessions, marking an important rally
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is having a very strong trend and therefore can correct the trend to the average. For this case, the price is above the upper band, which should mean a near-term corrective movement (at least) until it is under the band
Relative strength index
Climbed over the overbought line Wednesday, marking a value of 72.61. The fact that the value is in the overvalued zone does not in any way imply a sell signal, as stocks can be above 70 for many weeks and may continue to rise
Prologis stock price history
Prologis went public priced at an adjusted price1 of $8.82 on Nov 1997. Since then, PLD stock surged by 1,200.57%, with an average of 52.20% per year. If you had invested thousand dollars in Prologis stock on Nov 1997, it would be valued $13,005.67 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. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions published by analysts in the last month. If you are a small trader you should not invest based on these projections.
The average price target for Prologis stock calculated from the table below is $123.00. Prologis closed at $114.71 on Wednesday, that is a 6.74% than the forecasted price.
|Brokerage firm||Price target|
|Apr 16th, 2021|
|BTIG Research||$117.00 → $121.00|
Earnings and financials
Financial event was hosted by Prologis ($PLD) last Monday after presenting the financial report. Prologis presented earnings of $0.97 per share on revenue of $1.0 billion. The analysts estimate was $0.47 per share on revenue of $1.0 billion.Compared to the same quarter one year ago, EPS was $0.70, so current EPS means a increase of 38.57%. Looking at turnover, figures exploded a 36.29% compared to $8.7B same quarter last year.
Prologis ($PLD) will host the Q2 earnings call next July. Wall Street expects of $0.47, compared to previous quarter that made $0.97.
Disclaimer:The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the specific positions of the reader, his or her finances 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 Comments are published for general educational reasons only
|Wednesday, April 21st, 2021|
|Day range||$114.55 - $115.86|
|Average true range||$2.28|
|50d mov avg||$104.53|
|100d mov avg||$101.54|
|200d mov avg||$100.71|
|Earnings date||July 20th, 2021|