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Archive
- 8/9/2019 -
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PUBLIC STORAGE (PSA) |
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| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | 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.
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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 |
4 |
| Industry |
REIT - Industrial |
150 |
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| 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 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
238.29 |
| Low Date |
07/26/2019 |
| High |
258.71 |
| High Date |
08/09/2019 |
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| 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 |
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| Quarterly Trend |
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| 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 |
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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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