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Advanced TA SearchArchive
- 4/19/2024 -
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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 dropped -8.23 points, or -5.85%, and closed at 132.46 on Friday, April 19, 2024. Weekly volume was -9% 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 87.96 and resistance is at 150.48. 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 uptrend support line (146.18) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EXR may retest the broken support line. It is considered to be a resistance 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 support 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, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See EXR short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 152.56 and reached 131.88 on April 19, 2024. EXR lost 20.68 points, or 13.56%, in 10 days. Price is near the trend low.
 Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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