EXTRA SPACE STORAGE INC (EXR) Stock Technical Analysis
NYSE:EXR - New York Stock Exchange, Inc. - US30225T1025 - REIT - Currency: USD
Taking everything into account, EXR scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, EXR does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 151.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.56, a Stop Loss order could be placed below this zone.
More info and screens
131.14
We found 4 important support areas.
- A support zone ranging from 148.64 to 149.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.78 to 145.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @138.91 from a trend line in the weekly 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 151.04 to 153.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for EXR is neutral. |
| ChartMill Relative Strength | 38.11 | NEUTRAL | EXR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EXR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EXR is above the rising 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) | 53.83 | NEUTRAL | The RSI value for EXR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EXR has a positive trend. |
| Stochastics (14,3) | 58.02 | NEUTRAL | The Stochastics value for EXR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for EXR suggests low volalility. |
| Average Directional Index/ADX (14) | 8.82 | NEGATIVE | The low ADX value for EXR suggests a weak or negative trend. |
150.24
+1.42 (+0.95%)