- ProLogis's CCI indicator is below -100
- The lower Bollinger Band® is currently at $119.41 while the higher band is at $125.81
With regards to technical trend indicators, chart analysis show that ProLogis's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Analysis based on the asset volatility indicates that ProLogis's lower Bollinger Band® is at $119.41, indicating that the market is oversold and fertile for new buyers.
For the time being, ProLogis remains flat without a clear direction.
Bollinger Band® analysis indicates that current price action is approaching the upper band at $508.73, thereby suggesting that Costco is becoming overvalued.
Overall, looking at the technical analysis landscape, it seems Costco is likely to reverse course and start pointing down in the short term.
Alexandria Real Estate Equities's lower Bollinger Band® is now at $119.04.
Examining the technical analysis landscape, Alexandria Real Estate Equities might continue its downtrend in the short term.
Fundamental indicators – GDP in United States fell short of market expectations (two) with a reading of 1.1, continuing the decline from the previous figure of 2.6.
Upcoming fundamentals: as things stand, upcoming United States Pending Home Sales data is projected to fall short of market expectations with newly published data of 0.5%, following on from the preceding figure of 0.8%. New data is set to be published today at 14:00 UTC.