National Storage Affiliates Trust Stock Forecast
Red day on Friday for National Storage Affiliates Trust stock after losing 0.0879%
(Updated on Jun 28, 2024)
The National Storage Affiliates Trust stock price fell by -0.0879% on the last day (Friday, 28th Jun 2024) from $22.75 to $22.73. During the last trading day the stock fluctuated 2.31% from a day low at $22.64 to a day high of $23.16. The price has fallen in 8 of the last 10 days and is down by -3.65% for this period. Volume has increased on the last day by 5 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, 9 thousand shares were bought and sold for approximately $209.28 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.34% during the next 3 months and, with a 90% probability hold a price between $23.62 and $25.39 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 $22.82 and $23.09. 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 -4.70%. 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). National Storage Affiliates Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.523 between high and low, or 2.31%. For the last week the stock has had daily average volatility of 0.781%.
National Storage Affiliates Trust is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $21.47 (-5.56%) (This stock has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (NSA-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect National Storage Affiliates Trust to open at $22.84, and during the day (based on 14 day Average True Range), to move between $22.44 and $23.02, which gives a possible trading interval of +/-$0.291 (+/-1.28%) 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 2.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.62 (0.48%) than the resistance at $22.89 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is National Storage Affiliates Trust stock A Buy?
National Storage Affiliates Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.054 Hold/Accumulate Unchanged
Predicted Opening Price for National Storage Affiliates Trust of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$22.84 ( 0.503%) | $22.73 |
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 | 23.37 | 2.81% |
R2 | 23.17 | 1.93% |
R1 | 23.04 | 1.38% |
Price | 22.73 | |
S1 | 22.64 | -0.376% |
S2 | 22.52 | -0.92% |
S3 | 22.32 | -1.80% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.76 | 4.53% |
R2 | 23.62 | 3.92% |
R1 | 22.89 | 0.704% |
Price | 22.73 | |
S1 | 22.62 | -0.484% |
S2 | 21.66 | -4.71% |
S3 | 21.40 | -5.85% |
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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