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Archive
- 5/29/2026 -
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PUBLIC STORAGE (PSA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the PUBLIC STORAGE (PSA). During the week, the PSA gave back -1.56 points, or -0.51%, and closed at 303.69 on Friday, May 29, 2026. PSA was trading at average weekly trading volume.
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 March 23, 2020 at 155.37 and reached 421.76 on April 21, 2022. PSA gained -266.39 points, or -171.46%, in 108 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 288.39 and resistance is at 335.00. 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 long-term trend.
 Medium-term trend: [See PSA medium-term trend chart]
A medium-term uptrend had started on January 5, 2026 at 256.54 and reached 313.51 on April 21, 2026. PSA gained -56.97 points, or -22.21%, in 15 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 268.27 and resistance is at 314.01. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 weekly MACD line is above its signal line since April 2, 2026. This is an indication that the medium-term trend is up. 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 April 21, 2026 at 313.51 and reached 289.21 on May 19, 2026. PSA lost 24.30 points, or 7.75%, in 28 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 287.88 and resistance is at 312.70. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 28, 2026. 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.
The price is close to 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.
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