National Storage Affiliates Trust Stock Forecast
National Storage Affiliates Trust stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The National Storage Affiliates Trust stock price gained 0.681% on the last trading day (Friday, 19th Apr 2024), rising from $35.26 to $35.50. During the last trading day the stock fluctuated 1.08% from a day low at $35.13 to a day high of $35.51. The price has been going up and down for this period, and there has been a -5.69% loss for the last 2 weeks. Volume fell on the last day by -453 thousand shares and in total, 415 thousand shares were bought and sold for approximately $14.72 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $35.26 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect National Storage Affiliates Trust stock with a 90% probability to be traded between $35.00 and $39.89 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NSA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.681%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The National Storage Affiliates Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $36.17 and $37.27. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for National Storage Affiliates Trust stock
National Storage Affiliates Trust finds support from accumulated volume at $35.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.380 between high and low, or 1.08%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NSA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect National Storage Affiliates Trust to open at $35.38, and during the day (based on 14 day Average True Range), to move between $34.54 and $36.46, which gives a possible trading interval of +/-$0.96 (+/-2.70%) up or down from last closing price. If National Storage Affiliates Trust takes out the full calculated possible swing range there will be an estimated 5.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.52 (0.06%) than the support at $35.26 (0.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is National Storage Affiliates Trust stock A Buy?
National Storage Affiliates Trust holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.752 Sell Candidate Upgraded
Predicted Opening Price for National Storage Affiliates Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $35.38 ( 0.338%) | $35.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.76 | 0.732 % | |
| R2 | 35.61 | 0.323 % | ||
| R1 | 35.53 | 0.0709 % | ||
| Current price: | 35.50 | |||
| Support | S1 | 35.23 | -0.747 % | |
| S2 | 35.15 | -1.00 % | ||
| S3 | 35.00 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.71 | 3.41 % | |
| R2 | 35.81 | 0.87 % | ||
| R1 | 35.52 | 0.0563 % | ||
| Current price | 35.50 | |||
| Support | S1 | 35.26 | -0.676% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.560 | 1.43% |
| 2 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.560 | 1.35% |
| 3 | Aug 17, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.560 | 1.76% |
| 4 | May 25, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.560 | 1.61% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Mar 30, 2023 | $0.550 | 1.35% |
FAQ
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