The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 246.20
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 244.60
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It was a fourth consecutive positive week for the PUBLIC STORAGE (PSA). During the week, the PSA gained 7.33 points, or 3.08%, and closed at 245.21 on Friday, June 7, 2019. Weekly volume was 6% above average.

PSA is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PSA long-term trend chart]
A long-term uptrend had started on February 8, 2018 at 180.48 and reached 247.63 on June 7, 2019. PSA gained -67.15 points, or -37.21%, in 69 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (202.25) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See PSA medium-term trend chart]
A medium-term uptrend had started on January 2, 2019 at 193.89 and reached 247.63 on June 7, 2019. PSA gained -53.74 points, or -27.72%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (246.20). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See PSA short-term trend chart]
A short-term uptrend had started on April 22, 2019 at 212.65 and reached 247.63 on June 7, 2019. PSA gained -34.98 points, or -16.45%, in 46 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (244.60). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since April 30, 2019. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.71
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.59
Overbought
Greed/Fear Indicator (GFI) 86.02
Overbought
Moving Average Converg./Diverg. (MACD) 4.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.34
Overbought
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 88.53
Overbought
Greed/Fear Indicator (GFI) 82.87
Overbought
Moving Average Converg./Diverg. (MACD) 4.25
Trading Signals
Description Value Chart
Upper Bollinger Band 246.26
Monthly Trendline Resistance 246.20
Daily Stochastic Crossing 245.62
Price 245.21
Weekly Stochastic Crossing 244.89
Weekly Trendline Resistance 244.60
Parabolic System 235.46
20 Day Moving Average 234.09
Weekly Trendline Support 232.92
50 Day Moving Average 225.50
Lower Bollinger Band 223.08
Monthly Trendline Support 220.12
Quarterly Trendline Support 202.25
Sector and Industry
Description Name Rank
Sector Financial 9
Industry REIT - Industrial 149
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 230.41
Low Date 05/29/2019
High 247.63
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 244.60
Support 232.92
Low 212.65
Low Date 04/22/2019
High 247.63
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 246.20
Support 220.12
Low 193.89
Low Date 01/02/2019
High 247.63
High Date 06/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 195.24
Support 202.25
Low 180.48
Low Date 02/08/2018
High 247.63
High Date 06/07/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 277.60
High Date 04/13/2016
Low 180.48
Low Date 02/08/2018
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.

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