The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 10/30/2026 -
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PUBLIC STORAGE (PSA) Technical Analysis

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Summary:
Weekly :Oversold sectorStochastic signal line moved above oversold areaTrend resistance at 325.98
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought
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It was a fourth positive week after 8 consecutive negative weeks for the PUBLIC STORAGE (PSA). During the week, the PSA gained 14.88 points, or 4.80%, and closed at 324.77 on Friday, October 30, 2026. It was the best weekly gain since June 12, 2026. Weekly volume was -12% below average.

PSA 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 PSA long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 421.76 and reached 233.18 on October 31, 2023. PSA lost 188.58 points, or 44.71%, in 79 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (325.98). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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 335.55 on July 29, 2026. PSA gained -79.01 points, or -30.80%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 280.82 and resistance is at 350.09. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 August 21, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See PSA short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 280.02 and reached 326.00 on October 30, 2026. PSA gained -45.98 points, or -16.42%, in 29 days. Price is near the trend high.

Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.06
Overbought
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 85.31
Overbought
Greed/Fear Indicator (GFI) 84.09
Overbought
Moving Average Converg./Diverg. (MACD) 2.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.25
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 32.99
Greed/Fear Indicator (GFI) 51.46
Moving Average Converg./Diverg. (MACD) 0.66
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 350.09
Upper Bollinger Band 327.39
Yearly Trendline Resistance 325.98
Price 324.77
Daily Stochastic Crossing 321.77
Parabolic System 311.95
50 Day Moving Average 298.79
20 Day Moving Average 298.53
Weekly Stochastic Crossing 298.39
Quarterly Trendline Support 280.82
Lower Bollinger Band 278.77
Monthly Trendline Resistance 270.33
Monthly Trendline Support 269.96
Yearly Trendline Support 265.41
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Specialized REITs 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 280.24
Low Date 10/08/2026
High 326.00
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 280.02
Low Date 10/01/2026
High 326.00
High Date 10/30/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 270.33
Support 269.96
High 335.55
High Date 07/29/2026
Low 280.02
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 350.09
Support 280.82
Low 256.54
Low Date 01/05/2026
High 335.55
High Date 07/29/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 325.98
Support 265.41
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.