PUBLIC STORAGE (PSA) Technical Analysis
NYSE:PSA • US74460D1090
Overall PSA gets a technical rating of 6 out of 10. PSA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- PSA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PSA is performing more or less in line with the market.
- PSA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- PSA has an average volume of 1185590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PSA outperforms 54% of them, which is more or less in line with the market.
- PSA is an average performer in the Specialized REITs industry, it outperforms 62% of 28 stocks in the same industry.
Although the technical rating is only medium, PSA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 292.02, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
255.15
3 important support areas can be observed.
- A support zone ranging from 288.81 to 292.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @265.45 from a horizontal line in the daily time frame.
- A support zone ranging from 257.73 to 258.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 303.50 to 313.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for PSA is neutral. |
| ChartMill Relative Strength | 54.75 | NEUTRAL | PSA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSA is below 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) | 48.68 | NEUTRAL | The RSI value for PSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.64 | NEGATIVE | The MACD value suggests PSA has a negative trend. |
| Stochastics (14,3) | 30.73 | NEUTRAL | The Stochastics value for PSA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for PSA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.67 | NEGATIVE | The low ADX value for PSA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 306.02 | 295.60 | 10.42 (3.40%) | 25.00% |
| An entry @306.02. This is a Buy Stop order right above the 10 day moving average. | An exit @295.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.42 points, which is 3.40%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PSA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PSA Technicals: Chart, Performance Metrics, Trend & Indicators
297.74
-2.17 (-0.72%)
PUBLIC STORAGE / PSA FAQ
What is the ChartMill technical rating of PUBLIC STORAGE (PSA) stock?
ChartMill assigns a technical rating of 6 / 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 48.6755. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PUBLIC STORAGE?
PUBLIC STORAGE (PSA) has a support level at 292.02 and a resistance level at 303.5. Check the full technical report for our detailed analysis of PSA support and resistance levels.