Public Storage Stock Forecast

Public Storage stock price down 0.0581% on Tuesday
(Updated on Jun 25, 2024)

PSA-PQ Signals & Forecast

There are few to no technical positive signals at the moment. The Public Storage 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 $17.46. On a fall, the stock will find some support from the short-term average at $17.32. 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -3.39%. 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). Public Storage 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". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, May 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Public Storage stock

Public Storage finds support from accumulated volume at $17.25 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 $0.0698 between high and low, or 0.402%. For the last week the stock has had daily average volatility of 0.431%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PSA-PQ) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Public Storage to open at $17.39, and during the day (based on 14 day Average True Range), to move between $17.18 and $17.58, which gives a possible trading interval of +/-$0.203 (+/-1.17%) up or down from last closing price. If Public Storage takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.40 (0.12%) than the support at $17.25 (0.75%), 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 Public Storage stock A Buy?

Public Storage holds several negative signals and is within a 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.

Current score: -4.330 Sell Candidate Unchanged

Predicted Opening Price for Public Storage of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.