The Greedy Trader Weekly Analysis
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Daily W%R:< 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/26/2024 -
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Extra Space Storage (EXR) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Extra Space Storage (EXR). During the week, the EXR climbed 1.01 points, or 0.76%, and closed at 133.47 on Friday, April 26, 2024. Weekly volume was -21% below average.

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 87.22 and resistance is at 149.74. 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 (148.12) 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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.

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 131.02 on April 24, 2024. EXR lost 21.54 points, or 14.12%, in 15 days. The price is now at the 11.37% retracement level.

Daily Technical Indicators: [See EXR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.71
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 22.02
Greed/Fear Indicator (GFI) 20.11
Moving Average Converg./Diverg. (MACD) -2.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.50
Williams' Percentage Range (W%R) 90.10
Strong Oversold
Lane's Stochastic (%D-Slow) 42.59
Greed/Fear Indicator (GFI) 32.57
Moving Average Converg./Diverg. (MACD) 1.81
Trading Signals
Description Value Chart
Upper Bollinger Band 150.39
Quarterly Trendline Resistance 150.15
Yearly Trendline Resistance 149.74
Quarterly Trendline Support 148.12
50 Day Moving Average 141.75
20 Day Moving Average 140.01
Weekly Stochastic Crossing 139.54
Price 133.47
Daily Stochastic Crossing 132.91
Parabolic System 130.89
Lower Bollinger Band 125.89
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 13
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 131.02
Low Date 04/24/2024
High 136.35
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 152.56
High Date 04/09/2024
Low 131.02
Low Date 04/24/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 164.99
High Date 01/02/2024
Low 131.02
Low Date 04/24/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 150.15
Support 148.12
Low 101.19
Low Date 11/01/2023
High 164.99
High Date 01/02/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 149.74
Support 87.22
High 228.84
High Date 12/31/2021
Low 101.19
Low Date 11/01/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.