EXR Technical Analysis - EXTRA SPACE STORAGE INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to EXR. EXR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

86% of all other stocks performed better in the past year than EXR.

EXR is part of the Specialized REITs industry. There are 29 other stocks in this industry, of which 75% are performing better than EXR.

EXR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month EXR has a been trading in the 138.19 - 149.31 range, which is quite wide. It is currently trading near the lows of this range.

EXR has an average volume of 1187120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EXTRA SPACE STORAGE INC / EXR Weekly stock chart

EXTRA SPACE STORAGE INC / EXR Daily stock chart

Setup Rating and Analysis

The technical rating of EXR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

131.14

154.53

When analyzing the support we can see 2 important areas.

Support @138.04 from a trend line in the daily time frame.
A support zone ranging from 132.46 to 133.86. This zone is formed by a combination of multiple trend lines in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 142.84 to 144.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 147.59 to 153.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for EXR is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EXR is down.
ChartMill Relative Strength	14.13	NEGATIVE	EXR has a low relative strength, it was outperformed by 85.87% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EXR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EXR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EXR is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.57	NEUTRAL	The RSI value for EXR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.75	NEGATIVE	The MACD value suggests EXR has a negative trend.
Stochastics (14,3)	1.32	OVERSOLD	The low Stochastics value suggests EXR may be oversold.
Average True Range in percent/ATR (20)	1.79	LOW VOLATILITY	The low ATR as a percentage value for EXR suggests low volalility.
Average Directional Index/ADX (14)	19.09	NEGATIVE	The low ADX value for EXR suggests a weak or negative trend.