Public Storage Stock Forecast
Stronger technical forecast for Public Storage stock price after Friday trading.
(Updated on Jun 28, 2024)
The Public Storage stock price gained 0.86% on the last trading day (Friday, 28th Jun 2024), rising from $17.37 to $17.52. During the last trading day the stock fluctuated 0.86% from a day low at $17.37 to a day high of $17.52. The price has been going up and down for this period, and there has been a 0.94% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately $114.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Public Storage stock with a 90% probability to be traded between $16.59 and $17.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PSA-PQ Signals & Forecast
The Public Storage stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.37 and $17.45. A breakdown below any of these levels will issue sell signals. 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 Friday, June 07, 2024, and so far it has fallen -2.61%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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.
Golden Star
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 $17.40 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 $0.150 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 0.624%
Our recommended stop-loss: $16.54 (-5.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (PSA-PQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Public Storage to open at $17.47, and during the day (based on 14 day Average True Range), to move between $17.33 and $17.71, which gives a possible trading interval of +/-$0.194 (+/-1.11%) up or down from last closing price. If Public Storage takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.60 (0.46%) than the support at $17.40 (0.68%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.203 Hold/Accumulate Upgraded
Predicted Opening Price for Public Storage of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$17.47 ( 0.285%) | $17.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSA-PQ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.62 | 0.571% |
R2 | 17.56 | 0.244% |
R1 | 17.53 | 0.0417% |
Price | 17.52 | |
S1 | 17.41 | -0.612% |
S2 | 17.38 | -0.81% |
S3 | 17.32 | -1.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.90 | 2.17% |
R2 | 17.65 | 0.742% |
R1 | 17.60 | 0.457% |
Price | 17.52 | |
S1 | 17.40 | -0.685% |
S2 | 17.31 | -1.20% |
S3 | 16.77 | -4.28% |
PSA-PQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 12, 2024 | Jun 12, 2024 | Jun 27, 2024 | $0.247 | 1.42% |
2 | Dec 12, 2023 | Dec 12, 2023 | Dec 12, 2023 | $0.247 | 1.44% |
3 | Sep 12, 2023 | Sep 12, 2023 | Sep 12, 2023 | $0.247 | 1.46% |
4 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | $0.247 | 1.35% |
5 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.247 | 1.47% |
FAQ
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