PUBLIC STORAGE (PSA) Stock Technical Analysis
NYSE:PSA • US74460D1090
We assign a technical rating of 8 out of 10 to PSA. Although PSA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- In the last month PSA has a been trading in the 271.71 - 306.04 range, which is quite wide. It is currently trading near the high of this range.
- PSA has an average volume of 1267940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PSA turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- PSA is an average performer in the Specialized REITs industry, it outperforms 55% of 28 stocks in the same industry.
- PSA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSA is lagging the market.
Although PSA has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
255.15
We found 4 important support areas.
- A support zone ranging from 276.18 to 280.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @271.80 from a horizontal line in the daily time frame.
- Support @265.45 from a horizontal line in the daily time frame.
- Support @257.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 307.62 to 313.98. 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 | UP | POSITIVE | The long term trend for PSA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSA is up. |
| ChartMill Relative Strength | 53.83 | NEUTRAL | PSA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.63 | NEUTRAL | The RSI value for PSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.44 | POSITIVE | The MACD value suggests PSA has a positive trend. |
| Stochastics (14,3) | 84.83 | OVERBOUGHT | The high Stochastics value suggests PSA may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for PSA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.22 | NEUTRAL | The ADX value for PSA suggests a possible start of a new trend. |
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+6.5 (+2.18%)
PUBLIC STORAGE / PSA FAQ
What is the ChartMill technical rating of PUBLIC STORAGE (PSA) stock?
ChartMill assigns a technical rating of 8 / 10 to PSA.
What is the trend direction for PSA stock?
The current trend direction for PUBLIC STORAGE (PSA) is Bullish.
What is the RSI signal for PSA stock?
PUBLIC STORAGE (PSA) has an RSI value of 67.6338. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PUBLIC STORAGE?
The buy/sell signal for PUBLIC STORAGE (PSA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for PUBLIC STORAGE?
PUBLIC STORAGE (PSA) has a support level at 280.5 and a resistance level at 307.62. Check the full technical report for our detailed analysis of PSA support and resistance levels.