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Uptrend SupportArchive
- 4/26/2024 -
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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 -2.65 points, or -1.02%, and closed at 257.73 on Friday, April 26, 2024. Weekly volume was -22% below average.
 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 uptrend support line (299.94) 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. PSA 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 PSA medium-term trend chart]
A medium-term downtrend had started on January 2, 2024 at 312.25 and reached 257.05 on April 24, 2024. PSA lost 55.20 points, or 17.68%, in 16 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (274.58) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 March 22, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See PSA short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 295.20 and reached 257.05 on April 24, 2024. PSA lost 38.15 points, or 12.92%, in 44 days. Price is near the trend low.
 Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.
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