The Greedy Trader Weekly Analysis
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- 4/17/2025 -
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PUBLIC STORAGE (PSA) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic bullish divergenceTrend support at 300.90
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the PUBLIC STORAGE (PSA). During the week, the PSA gained 15.71 points, or 5.60%, and closed at 296.01 on Thursday, April 17, 2025. Weekly volume was 12% above average.

PSA is a member of Real Estate Sector. Real Estate is the most overbought 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 PSA long-term trend chart]
A long-term uptrend had started on October 31, 2023 at 233.18 and reached 369.99 on October 1, 2024. PSA gained -136.81 points, or -58.67%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (300.90) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See PSA medium-term trend chart]
A medium-term downtrend had started on October 1, 2024 at 369.99 and reached 256.60 on April 9, 2025. PSA lost 113.39 points, or 30.65%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 241.60 and resistance is at 311.00. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PSA short-term trend chart]
A short-term downtrend had started on March 10, 2025 at 322.50 and reached 256.60 on April 9, 2025. PSA lost 65.90 points, or 20.43%, in 30 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (240.29) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily technical indicators are neutral.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.06
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 72.34
Greed/Fear Indicator (GFI) 66.32
Moving Average Converg./Diverg. (MACD) -4.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.35
Williams' Percentage Range (W%R) 65.10
Lane's Stochastic (%D-Slow) 27.44
Bullish
Greed/Fear Indicator (GFI) 37.86
Moving Average Converg./Diverg. (MACD) -5.07 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 311.00
Upper Bollinger Band 306.25
Quarterly Trendline Support 300.90
50 Day Moving Average 297.40
Price 296.01
Weekly Trendline Resistance 291.39
Daily Stochastic Crossing 289.07
20 Day Moving Average 288.63
Weekly Stochastic Crossing 274.32
Lower Bollinger Band 273.02
Parabolic System 260.23
Monthly Trendline Support 241.60
Weekly Trendline Support 240.29
Sector and Industry
Description Name Rank
Sector Real Estate 9
Industry Specialized REITs 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 256.60
Low Date 04/09/2025
High 298.50
High Date 04/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 291.39
Support 240.29
High 322.50
High Date 03/10/2025
Low 256.60
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 311.00
Support 241.60
High 369.99
High Date 10/01/2024
Low 256.60
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 411.76
Support 300.90
Low 233.18
Low Date 10/31/2023
High 369.99
High Date 10/01/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 421.76
High Date 04/21/2022
Low 233.18
Low Date 10/31/2023
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.