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$290.82 (-1.44%)

Volume: 859.84k

Closed: Sep 26, 2022

Hollow Logo Score: -3.128

Public Storage Stock Forecast

$290.82 (-1.44%)

Volume: 859.84k

Closed: Sep 26, 2022

Score Hollow Logo -3.128
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 6 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
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Public Storage stock price ended on $290.82 on Monday after losing 1.44%
(Updated on Sep 26, 2022)


Sell candidate since 2022-09-20 Loss -5.05% PDF

The Public Storage stock price fell by -1.44% on the last day (Monday, 26th Sep 2022) from $295.07 to $290.82. It has now fallen 11 days in a row. During the last trading day the stock fluctuated 2.66% from a day low at $286.35 to a day high of $293.98. The price has fallen in 10 of the last 10 days and is down by -14.34% for this period. Volume has increased on the last day by 184 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, 860 thousand shares were bought and sold for approximately $250.06 million.

Given the current short-term trend, the stock is expected to rise 3.11% during the next 3 months and, with a 90% probability hold a price between $299.86 and $371.56 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Public Storage 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 $302.64 and $333.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, August 15, 2022, and so far it has fallen -18.16%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $7.63 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 2.33%.

Public Storage is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Public Storage to open at $290.38, and during the day (based on 14 day Average True Range), to move between $283.37 and $298.27, which gives a possible trading interval of +/-$7.45 (+/-2.56%) up or down from last closing price. If Public Storage takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $22.33 (7.68%) our system find the risk reward not very attractive.

Is Public Storage stock A Buy?

The Public Storage stock holds several negative signals and despite the positive trend, we believe Public Storage will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.128

Sell Candidate Unchanged

Predicted Opening Price for Public Storage of Tuesday, September 27, 2022

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

Fair opening price September 27, 2022 Current price
$290.38 $290.82 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 298.01 2.47 %
295.10 1.47 %
293.30 0.85 %
Current price: 290.82
Support 287.47 -1.15 %
285.67 -1.77 %
282.75 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 351.23 20.77 %
328.40 12.92 %
313.15 7.68 %
Current price 290.82
Support 0 .
0 .
0 .

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About Public Storage

Public Storage Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-stora... PSA Profile

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