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Archive
- 6/7/2019
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PUBLIC STORAGE |
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financial |
9 |
| Industry |
REIT - Industrial |
149 |
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| 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 |
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| Weekly Trend |
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| 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 |
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| 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 |
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| Quarterly Trend |
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| 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 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
277.60 |
| High Date |
04/13/2016 |
| Low |
180.48 |
| Low Date |
02/08/2018 |
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