Extra Space Storage Inc Stock Forecast
Red day on Tuesday for Extra Space Storage Inc stock after losing 2.26%
(Updated on Apr 30, 2024)
The Extra Space Storage Inc stock price fell by -2.26% on the last day (Tuesday, 30th Apr 2024) from $137.38 to $134.28. During the last trading day the stock fluctuated 2.39% from a day low at $134.17 to a day high of $137.38. The price has been going up and down for this period, and there has been a -1.13% loss for the last 2 weeks. Volume has increased on the last day by 744 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $228.58 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $131.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.67% during the next 3 months and, with a 90% probability hold a price between $126.97 and $145.45 at the end of this 3-month period.
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EXR Signals & Forecast
There are mixed signals in the stock today. The Extra Space Storage Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $140.78. On a fall, the stock will find some support from the short-term average at $134.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.37%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Extra Space Storage Inc stock
Extra Space Storage Inc finds support from accumulated volume at $133.28 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 $3.21 between high and low, or 2.39%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXR) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Extra Space Storage Inc to open at $135.28, and during the day (based on 14 day Average True Range), to move between $130.68 and $137.88, which gives a possible trading interval of +/-$3.60 (+/-2.68%) 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 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $133.28 (0.74%) than the resistance at $138.29 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Extra Space Storage Inc stock A Buy?
Extra Space Storage Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.446 Sell Candidate Unchanged
Predicted Opening Price for Extra Space Storage Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $135.28 ( 0.742%) | $134.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 138.49 | 3.13 % | |
| R2 | 137.26 | 2.22 % | ||
| R1 | 136.50 | 1.66 % | ||
| Current price: | 134.28 | |||
| Support | S1 | 134.05 | -0.171 % | |
| S2 | 133.29 | -0.735 % | ||
| S3 | 132.07 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.60 | 12.15 % | |
| R2 | 140.50 | 4.63 % | ||
| R1 | 138.29 | 2.99 % | ||
| Current price | 134.28 | |||
| Support | S1 | 133.28 | -0.745% | |
| S2 | 132.74 | -1.15% | ||
| S3 | 132.46 | -1.36% |
EXR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 15, 2024 | Mar 29, 2024 | $1.62 | 1.10% |
| 2 | Feb 22, 2024 | Mar 14, 2024 | Mar 29, 2024 | $1.62 | 1.10% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.62 | 1.01% |
| 4 | Aug 18, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.610 | 0.502% |
| 5 | Jul 03, 2023 | Jul 12, 2023 | Jul 19, 2023 | $1.01 | 0.678% |
FAQ
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