PSA Technical Analysis - PUBLIC STORAGE

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to PSA. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PSA is a bad performer.

65% of all other stocks performed better in the past year than PSA.

The long and short term trends are both positive. This is looking good!

PSA is one of the better performing stocks in the Specialized REITs industry, it outperforms 85% of 29 stocks in the same industry.

In the last month PSA has a been trading in the 278.25 - 310.74 range, which is quite wide. It is currently trading near the high of this range.

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.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although PSA has an excellent technical rating, it does not offer a high 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

269.22

317.12

We found 4 important support areas.

Strong support @305.34 from a horizontal line in the daily time frame.
A support zone ranging from 289.45 to 292.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 278.88 to 282.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @271.94 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 307.62 to 307.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @313.98 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	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	35.57	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)	71.71	OVERBOUGHT	The high RSI value suggests PSA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.85	POSITIVE	The MACD value suggests PSA has a positive trend.
Stochastics (14,3)	83.15	OVERBOUGHT	The high Stochastics value suggests PSA may be overbought.
Average True Range in percent/ATR (20)	1.48	LOW VOLATILITY	The low ATR as a percentage value for PSA suggests low volalility.
Average Directional Index/ADX (14)	33.9	POSITIVE	The high ADX value value for PSA suggests a strong trend.