National Storage Affiliates Trust Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
National Storage Affiliates Trust stock price ended at $35.78 on Wednesday, after gaining 0.647%.
(Updated on Apr 24, 2024)
The National Storage Affiliates Trust stock price gained 0.647% on the last trading day (Wednesday, 24th Apr 2024), rising from $35.55 to $35.78. During the last trading day the stock fluctuated 2.78% from a day low at $34.87 to a day high of $35.84. The price has been going up and down for this period, and there has been a -4.51% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 589 thousand shares were bought and sold for approximately $21.08 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $35.23 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect National Storage Affiliates Trust stock with a 90% probability to be traded between $34.83 and $39.68 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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NSA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.47%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The National Storage Affiliates Trust 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 $37.19. On a fall, the stock will find some support from the short-term average at $35.59. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for National Storage Affiliates Trust stock
National Storage Affiliates Trust finds support from accumulated volume at $35.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.97 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NSA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect National Storage Affiliates Trust to open at $35.50, and during the day (based on 14 day Average True Range), to move between $34.88 and $36.68, which gives a possible trading interval of +/-$0.90 (+/-2.51%) 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 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.81 (0.08%) than the support at $35.55 (0.64%), 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.
Earnings coming up
National Storage Affiliates Trust will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.610. We will update the financials statements for National Storage Affiliates Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.88% in the first trading day after earnings release.
Is National Storage Affiliates Trust stock A Buy?
National Storage Affiliates Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.029 Sell Candidate Unchanged
Predicted Opening Price for National Storage Affiliates Trust of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $35.50 ( 0.792%) | $35.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.47 | 1.92 % | |
| R2 | 36.10 | 0.88 % | ||
| R1 | 35.87 | 0.244 % | ||
| Current price: | 35.78 | |||
| Support | S1 | 35.13 | -1.83 % | |
| S2 | 34.90 | -2.47 % | ||
| S3 | 34.53 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.20 | 6.76 % | |
| R2 | 36.71 | 2.60 % | ||
| R1 | 35.81 | 0.0838 % | ||
| Current price | 35.78 | |||
| Support | S1 | 35.55 | -0.643% | |
| S2 | 35.52 | -0.727% | ||
| S3 | 35.26 | -1.45% |
NSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.560 | 1.43% |
| 2 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.560 | 1.35% |
| 3 | Aug 17, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.560 | 1.76% |
| 4 | May 25, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.560 | 1.61% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Mar 30, 2023 | $0.550 | 1.35% |
FAQ
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