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Advanced TA SearchArchive
- 4/5/2024 -
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Extra Space Storage (EXR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Extra Space Storage (EXR). During the week, the EXR gave back -0.68 points, or -0.46%, and closed at 146.32 on Friday, April 5, 2024. Weekly volume was -29% below average.
EXR is a member of Real Estate Sector. Real Estate is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See EXR long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 228.84 and reached 101.19 on November 1, 2023. EXR lost 127.65 points, or 55.78%, in 95 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 89.44 and resistance is at 151.96. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See EXR medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 101.19 and reached 164.99 on January 2, 2024. EXR gained -63.80 points, or -63.05%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 141.97 and resistance is at 147.48. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See EXR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 15, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See EXR short-term trend chart]
A short-term uptrend had started on March 19, 2024 at 137.15 and reached 149.36 on April 4, 2024. EXR gained -12.21 points, or -8.90%, in 16 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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