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Downtrend Broken Resist.Archive
- 7/3/2025 -
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Extra Space Storage (EXR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week after 4 consecutive negative weeks for the Extra Space Storage (EXR). During the week, the EXR gained 7.02 points, or 4.81%, and closed at 152.88 on Thursday, July 3, 2025. It was the best weekly gain since May 2, 2025. Weekly volume was 26% above average.
 Long-term trend: [See EXR long-term trend chart]
A long-term downtrend had started on September 18, 2024 at 184.87 and reached 121.00 on April 9, 2025. EXR lost 63.87 points, or 34.55%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (104.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EXR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See EXR medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 121.00 and reached 153.41 on July 3, 2025. EXR gained -32.41 points, or -26.79%, in 12 weeks. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 142.39 and resistance is at 155.49. A Broadening Symmetric Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge 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 above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 30, 2025 at 142.70 and reached 153.41 on July 3, 2025. EXR gained -10.71 points, or -7.51%, in 3 days. Price is near the trend high.
 Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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