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Archive
- 3/21/2025 -
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Extra Space Storage (EXR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Extra Space Storage (EXR). During the week, the EXR gave back -1.20 points, or -0.83%, and closed at 143.80 on Friday, March 21, 2025. Weekly volume was 32% above average.
 Long-term trend: [See EXR long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 101.19 and reached 184.87 on September 18, 2024. EXR gained -83.68 points, or -82.70%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (187.92) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EXR may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
 Medium-term trend: [See EXR medium-term trend chart]
A medium-term downtrend had started on September 18, 2024 at 184.87 and reached 142.10 on December 19, 2024. EXR lost 42.77 points, or 23.14%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 112.21 and resistance is at 159.41. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EXR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 11, 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 EXR short-term trend chart]
A short-term downtrend had started on February 25, 2025 at 162.80 and reached 142.30 on March 14, 2025. EXR lost 20.50 points, or 12.59%, in 17 days. The price is now at the 7.32% retracement level.
Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since February 26, 2025. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average 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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