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Advanced TA SearchArchive
- 4/5/2024 -
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PUBLIC STORAGE (PSA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the PUBLIC STORAGE (PSA). During the week, the PSA dropped -7.49 points, or -2.58%, and closed at 282.57 on Friday, April 5, 2024. Weekly volume was -39% below average.
PSA is a member of Real Estate Sector. Real Estate is the second most oversold 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 October 31, 2023 at 233.18 and reached 312.25 on January 2, 2024. PSA gained -79.07 points, or -33.91%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 291.73 and resistance is at 281.28. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
Medium-term trend: [See PSA medium-term trend chart]
A medium-term downtrend had started on February 21, 2024 at 296.05 and reached 272.53 on February 28, 2024. PSA lost 23.52 points, or 7.94%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 277.84 and resistance is at 294.02. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 15, 2024 at 274.98 and reached 294.86 on April 1, 2024. PSA gained -19.88 points, or -7.23%, in 17 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 27, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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