A quick look at today: the real estate investment trust went up to $123.14, gaining 2.82%.
Meanwhile, United States TIC Net Long-Term Transactions (Feb) released today at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion. United States NY Empire State Manufacturing Index (Apr) came out at 10.8, while a consensus of analysts was expecting -18.
ProLogis broke through the $122.29 resistance and climbed above it 85 cents; next resistance level is at $124.82. ProLogis made an initial breakout above its 50 day Simple Moving Average at $123.1, a potential indicator of a newly emerging bullish phase. ProLogis formed a session range of $119.71 to $123.29 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $121.38.
Overall, looking at the technical analysis landscape, it seems ProLogis might continue pointing upwards in the short term.
Furthermore, the market is looking at United States Building Permits (Mar) is expected tomorrow at 12:30 UTC.
Over the past 11 months, the US REIT has retreated 30.78% from a noteworthy peak of $173.