National Storage Affiliates Trust Stock Forecast
National Storage Affiliates Trust stock price down 0.481% on Tuesday
(Updated on Jun 25, 2024)
The National Storage Affiliates Trust stock price fell by -0.481% on the last day (Tuesday, 25th Jun 2024) from $22.88 to $22.77. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.793% from a day low at $22.71 to a day high of $22.89. The price has fallen in 8 of the last 10 days and is down by -4.53% for this period. 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 -670 shares and in total, 12 thousand shares were bought and sold for approximately $284.60 thousand.
The stock lies in the middle of a 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 4.83% during the next 3 months and, with a 90% probability hold a price between $23.35 and $25.19 at the end of this 3-month period.
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NSA-PA Signals & Forecast
There are few to no technical positive signals at the moment. 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 $22.98 and $23.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -4.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for National Storage Affiliates Trust stock
National Storage Affiliates Trust finds support from accumulated volume at $22.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.180 between high and low, or 0.793%. For the last week the stock has had daily average volatility of 1.16%
National Storage Affiliates Trust is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NSA-PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect National Storage Affiliates Trust to open at $22.79, and during the day (based on 14 day Average True Range), to move between $22.46 and $23.08, which gives a possible trading interval of +/-$0.306 (+/-1.34%) 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 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.89 (0.53%) than the support at $22.62 (0.66%), 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?
The National Storage Affiliates Trust stock holds several negative signals and despite the positive trend, we believe National Storage Affiliates Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.584 Sell Candidate Unchanged
Predicted Opening Price for National Storage Affiliates Trust of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$22.79 ( 0.0878%) | $22.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSA-PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.97 | 0.88% |
R2 | 22.90 | 0.576% |
R1 | 22.86 | 0.390% |
Price | 22.77 | |
S1 | 22.72 | -0.214% |
S2 | 22.68 | -0.401% |
S3 | 22.61 | -0.703% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.76 | 4.35% |
R2 | 23.62 | 3.73% |
R1 | 22.89 | 0.527% |
Price | 22.77 | |
S1 | 22.62 | -0.659% |
S2 | 21.66 | -4.87% |
S3 | 21.40 | -6.02% |
NSA-PA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.375 | 1.65% |
2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.375 | 1.64% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.375 | 1.59% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.375 | 1.67% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.375 | 1.61% |
FAQ
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