Score 9.6 (out of 10): PROLOGIS INC sets up for +10.1% rally in 2 months

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What’s Going On Here?

PROLOGIS, the industrial real estate operator and developer (REIT), has snapped up another site in the Queens neighborhood. Together with another site in the neighborhood, the company has roughly 335k buildable square feet reserved.

Why Now?

PROLOGIS INC has triggered a new price range signal. During similar occasions, PROLOGIS INC shares had a median return of +10.1%, over the following 2 months – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for PROLOGIS INC received a high score of 9.6 (out of 10). This insight was generated on 2022-January-7 with last price of 153.73.

What’s This Company About?

PROLOGIS INC is in the REITS-Warehouse/Industr business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 6.9% more (average). Ticker symbol: PLD US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 169.25 (+10.1%) has been reached. Based on PROLOGIS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 145.43 (last price at 153.73), which is equivalent to a -5.4% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

22.1% (September-2021), 11.2% (February-2021), 11.4% (December-2020), 5.1% (September-2020), 10.6% (May-2020), 4% (February-2020), 9% (December-2019), 9.6% (August-2019), 12.1% (May-2019), 7.4% (December-2018).

Historical Chart:

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Summary:

NamePrologis
ViewUp
Star (1 to 10)9.6
Target+10.1%
Time2 months
Hit Rate100%

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