The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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PUBLIC STORAGE (PSA)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBearish Deliberation CandlestickDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the PUBLIC STORAGE (PSA). During the week, the PSA gained 7.51 points, or 3.01%, and closed at 257.05 on Friday, August 9, 2019. PSA was trading at average weekly trading volume.

Long-term trend: [See PSA long-term trend chart]
A long-term uptrend had started on February 8, 2018 at 180.48 and reached 258.71 on August 9, 2019. PSA gained -78.23 points, or -43.35%, in 78 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (205.08) 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 258.71 on August 9, 2019. PSA gained -64.82 points, or -33.43%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 244.63 and resistance is at 262.85. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access 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. 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 July 26, 2019 at 238.29 and reached 258.71 on August 9, 2019. PSA gained -20.42 points, or -8.57%, in 14 days. The price is now at the 8.13% retracement level.

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. Use the following link to access Lane's Stochastic help.

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

The price touches the upper Bollinger Band. 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.

Candlestick pattern: [See PSA candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.28
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 84.24
Overbought
Greed/Fear Indicator (GFI) 82.23
Overbought
Moving Average Converg./Diverg. (MACD) 1.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.18
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 79.39
Greed/Fear Indicator (GFI) 79.13
Moving Average Converg./Diverg. (MACD) 8.24
Trading Signals
Description Value Chart
Monthly Trendline Resistance 262.85
Upper Bollinger Band 257.22
Daily Stochastic Crossing 257.21
Price 257.05
Weekly Stochastic Crossing 252.21
Parabolic System 248.14
20 Day Moving Average 246.86
Monthly Trendline Support 244.63
50 Day Moving Average 244.22
Lower Bollinger Band 238.11
Sector and Industry
Description Name Rank
Sector Financial 4
Industry REIT - Industrial 150
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 238.29
Low Date 07/26/2019
High 258.71
High Date 08/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 238.29
Low Date 07/26/2019
High 258.71
High Date 08/09/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 262.85
Support 244.63
Low 193.89
Low Date 01/02/2019
High 258.71
High Date 08/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 187.68
Support 205.08
Low 180.48
Low Date 02/08/2018
High 258.71
High Date 08/09/2019
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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