The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/17/2026 -
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Extra Space Storage (EXR) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Relative Strength Index is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a third positive week after 5 consecutive negative weeks for the Extra Space Storage (EXR). During the week, the EXR gained 6.49 points, or 4.67%, and closed at 145.36 on Friday, April 17, 2026. It was the best weekly gain since January 16, 2026. Weekly volume was -13% below average.

EXR is a member of Real Estate Sector. Real Estate 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 EXR long-term trend chart]
A long-term downtrend had started on September 18, 2024 at 184.87 and reached 121.00 on April 9, 2025. EXR lost 63.87 points, or 34.55%, in 29 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (128.18) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EXR may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See EXR medium-term trend chart]
A medium-term downtrend had started on February 23, 2026 at 155.19 and reached 127.65 on March 25, 2026. EXR lost 27.54 points, or 17.75%, in 4 weeks. The price is now at the 64.31% retracement level.

Weekly Technical Indicators: [See EXR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 20, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EXR short-term trend chart]
A short-term uptrend had started on March 25, 2026 at 127.65 and reached 146.19 on April 17, 2026. EXR gained -18.54 points, or -14.52%, in 23 days. Price is near the trend high.

Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily Relative Strength Index is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Lane's Stochastic. 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 and Relative Strength Index help.

The daily MACD line is above its signal line since April 2, 2026. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.32
Overbought
Williams' Percentage Range (W%R) 25.00
Lane's Stochastic (%D-Slow) 93.94
Strong Overbought
Greed/Fear Indicator (GFI) 85.74
Overbought
Moving Average Converg./Diverg. (MACD) -0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.08
Williams' Percentage Range (W%R) 46.30
Lane's Stochastic (%D-Slow) 24.07
Greed/Fear Indicator (GFI) 42.59
Moving Average Converg./Diverg. (MACD) -0.65
Trading Signals
Description Value Chart
Upper Bollinger Band 148.38
Daily Stochastic Crossing 145.58
Price 145.36
50 Day Moving Average 140.87
Parabolic System 139.58
20 Day Moving Average 134.96
Weekly Stochastic Crossing 134.70
Lower Bollinger Band 128.25
Quarterly Trendline Support 128.18
Quarterly Trendline Resistance 123.29
Sector and Industry
Description Name Rank
Sector Real Estate 9
Industry Specialized REITs 97
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.65
Low Date 03/25/2026
High 146.19
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 155.19
High Date 02/23/2026
Low 127.65
Low Date 03/25/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 125.71
Low Date 12/09/2025
High 155.19
High Date 02/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 123.29
Support 128.18
High 184.87
High Date 09/18/2024
Low 121.00
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.19
Low Date 11/01/2023
High 184.87
High Date 09/18/2024
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.