Extra Space Storage Inc. Stock Forecast
Red day on Monday for Extra Space Storage Inc.
(Updated on Jun 17, 2024)
The Extra Space Storage Inc. stock price fell by -0.122% on the last day (Monday, 17th Jun 2024) from $155.23 to $155.04. During the last trading day the stock fluctuated 0.161% from a day low at $155.04 to a day high of $155.29. The price has risen in 6 of the last 10 days and is up by 7.65% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -61 shares and in total, 1 shares were bought and sold for approximately $155.04 .
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.19% during the next 3 months and, with a 90% probability hold a price between $149.61 and $170.66 at the end of this 3-month period.
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0IJV.L Signals & Forecast
The Extra Space Storage Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $153.19 and $146.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -2.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Extra Space Storage Inc. stock
Extra Space Storage Inc. finds support from accumulated volume at $151.52 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.249 between high and low, or 0.161%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $148.80 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (0IJV.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Extra Space Storage Inc. to open at $155.12, and during the day (based on 14 day Average True Range), to move between $151.77 and $158.31, which gives a possible trading interval of +/-$3.27 (+/-2.11%) up or down from last closing price. If Extra Space Storage Inc. takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $155.23 (0.12%) than the support at $151.52 (2.27%), 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 Extra Space Storage Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Extra Space Storage Inc. stock to perform well in the short-term.
Current score: 2.466 Buy Candidate Unchanged
Predicted Opening Price for Extra Space Storage Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $155.12 ( 0.0535%) | $155.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0IJV.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 155.37 | 0.214% |
| R2 | 155.28 | 0.153% |
| R1 | 155.22 | 0.115% |
| Price | 155.04 | |
| S1 | 155.03 | -0.0078% |
| S2 | 154.97 | -0.0457% |
| S3 | 154.87 | -0.107% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 158.86 | 2.46% |
| R1 | 155.23 | 0.123% |
| Price | 155.04 | |
| S1 | 151.52 | -2.27% |
| S2 | 137.49 | -11.32% |
| S3 | 132.91 | -14.27% |
0IJV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $1.62 | 1.04% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $1.62 | 1.10% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $1.62 | 1.05% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $0.610 | 0.488% |
| 5 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $1.01 | 0.656% |
FAQ
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