The Greedy Trader Weekly Analysis
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Weekly D%-Slow:< 10
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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Extra Space Storage (EXR) Technical Analysis

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Summary:
Weekly :Trend support at 138.56
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Extra Space Storage (EXR). During the week, the EXR dropped -11.27 points, or -7.48%, and closed at 139.33 on Friday, March 15, 2024. Weekly volume was -13% below average.

Long-term trend: [See EXR long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 228.84 and reached 101.19 on November 1, 2023. EXR lost 127.65 points, or 55.78%, in 95 weeks. The price is now at the 29.88% retracement level.

Medium-term trend: [See EXR medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 101.19 and reached 164.99 on January 2, 2024. EXR gained -63.80 points, or -63.05%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (138.56) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See EXR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EXR short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 152.33 and reached 139.02 on March 15, 2024. EXR lost 13.31 points, or 8.74%, in 4 days. Price is near the trend low.

Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (138.88) comes close to the price (139.33). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.17
Williams' Percentage Range (W%R) 59.80
Lane's Stochastic (%D-Slow) 51.36
Greed/Fear Indicator (GFI) 47.25
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.50
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 30.50
Greed/Fear Indicator (GFI) 45.60
Moving Average Converg./Diverg. (MACD) 2.15
Trading Signals
Description Value Chart
Upper Bollinger Band 151.97
Quarterly Trendline Resistance 150.83
50 Day Moving Average 145.90
Daily Stochastic Crossing 144.72
20 Day Moving Average 143.51
Price 139.33
Weekly Stochastic Crossing 139.03
Parabolic System 138.88
Quarterly Trendline Support 138.56
Lower Bollinger Band 136.83
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 152.33
High Date 03/11/2024
Low 139.02
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.22
Low Date 02/28/2024
High 152.33
High Date 03/11/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 164.99
High Date 01/02/2024
Low 132.22
Low Date 02/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 150.83
Support 138.56
Low 101.19
Low Date 11/01/2023
High 164.99
High Date 01/02/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 228.84
High Date 12/31/2021
Low 101.19
Low Date 11/01/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.