National Storage Affiliates Trust Stock Forecast
National Storage Affiliates Trust stock price up 0.494% on Tuesday
(Updated on May 07, 2024)
The National Storage Affiliates Trust stock price gained 0.494% on the last trading day (Tuesday, 7th May 2024), rising from $36.46 to $36.64. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.01% from a day low at $36.54 to a day high of $36.91. The price has risen in 7 of the last 10 days and is up by 3.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 236 thousand more shares were traded than the day before. In total, 729 thousand shares were bought and sold for approximately $26.73 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National Storage Affiliates Trust stock with a 90% probability to be traded between $34.38 and $39.48 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 Friday, April 26, 2024, and so far it has risen 4.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $36.75. On a fall, the stock will find some support from the short-term average at $35.85. 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.
Support, Risk & Stop-loss for National Storage Affiliates Trust stock
National Storage Affiliates Trust finds support from accumulated volume at $35.81 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 $0.370 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 2.39%.
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 Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect National Storage Affiliates Trust to open at $36.70, and during the day (based on 14 day Average True Range), to move between $35.78 and $37.50, which gives a possible trading interval of +/-$0.86 (+/-2.35%) 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 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.71 (0.19%) than the support at $35.81 (2.27%), 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 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: -1.141 Sell Candidate Unchanged
Predicted Opening Price for National Storage Affiliates Trust of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $36.70 ( 0.155%) | $36.64 |
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 | 37.07 | 1.16 % | |
| R2 | 36.93 | 0.779 % | ||
| R1 | 36.84 | 0.540 % | ||
| Current price: | 36.64 | |||
| Support | S1 | 36.56 | -0.231 % | |
| S2 | 36.47 | -0.469 % | ||
| S3 | 36.33 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.20 | 4.26 % | |
| R2 | 36.83 | 0.519 % | ||
| R1 | 36.71 | 0.191 % | ||
| Current price | 36.64 | |||
| Support | S1 | 35.81 | -2.27% | |
| S2 | 35.53 | -3.03% | ||
| S3 | 35.52 | -3.06% |
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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