EXTRA SPACE STORAGE INC - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 114.24 USD
My targets
104.91 USD (-6.39%)
100.96 USD (-9.91%)
My analysis
EXTRA SPACE STORAGE INC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 114.24 USD. The next support located at 104.91 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 100.96 USD. Below this support, sellers could then target 94.31 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EXTRA SPACE STORAGE INC price is 112.07 USD. On the day, this instrument lost -0.14% with the lowest point at 111.59 USD and the highest point at 112.82 USD. The deviation from the price is +0.43% for the low point and -0.66% for the high point.111.59
112.82
112.07
Here is a more detailed summary of the historical variations registered by EXTRA SPACE STORAGE INC:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EXTRA SPACE STORAGE INC in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.31 | 100.96 | 104.91 | 112.07 | 114.24 | 117.95 | 123.52 |
| Change (%) | -15.85% | -9.91% | -6.39% | - | +1.94% | +5.25% | +10.22% |
| Change | -17.76 | -11.11 | -7.16 | - | +2.17 | +5.88 | +11.45 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.50 | 110.26 | 111.25 | 113.01 | 114.00 | 115.76 | 116.75 |
| Camarilla | 111.47 | 111.73 | 111.98 | 112.23 | 112.48 | 112.73 | 112.99 |
| Woodie | 108.11 | 110.07 | 110.86 | 112.82 | 113.61 | 115.57 | 116.36 |
| Fibonacci | 110.26 | 111.31 | 111.96 | 113.01 | 114.06 | 114.71 | 115.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.18 | 109.10 | 110.67 | 113.59 | 115.16 | 118.08 | 119.65 |
| Camarilla | 111.00 | 111.41 | 111.82 | 112.23 | 112.64 | 113.05 | 113.47 |
| Woodie | 105.50 | 108.76 | 109.99 | 113.25 | 114.48 | 117.74 | 118.97 |
| Fibonacci | 109.10 | 110.82 | 111.88 | 113.59 | 115.31 | 116.37 | 118.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.80 | 108.27 | 112.55 | 118.02 | 122.30 | 127.77 | 132.05 |
| Camarilla | 114.14 | 115.03 | 115.93 | 116.82 | 117.71 | 118.61 | 119.50 |
| Woodie | 102.20 | 107.97 | 111.95 | 117.72 | 121.70 | 127.47 | 131.44 |
| Fibonacci | 108.27 | 112.00 | 114.30 | 118.02 | 121.75 | 124.05 | 127.77 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.37 | |
| MACD (12,26,9): | -0.8700 | |
| Directional Movement: | -17.45 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 114.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.50 | |
| Elder Ray (13): | -2.44 | |
| Super Trend (3,10): | 117.15 | |
| Zig ZAG (10): | 112.07 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 19.86 | |
| TEMA (21): | 113.41 | |
| Williams %R (14): | -92.28 | |
| Chande Momentum Oscillator (20): | -4.21 | |
| Repulse (5,40,3): | -1.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.10 |
| MA7: | 114.38 | |
| MA20: | 115.39 | |
| MA50: | 117.19 | |
| MA100: | 113.71 | |
| MAexp7: | 113.96 | |
| MAexp20: | 115.14 | |
| MAexp50: | 115.45 | |
| MAexp100: | 113.02 | |
| Price / MA7: | -2.02% | |
| Price / MA20: | -2.88% | |
| Price / MA50: | -4.37% | |
| Price / MA100: | -1.44% | |
| Price / MAexp7: | -1.66% | |
| Price / MAexp20: | -2.67% | |
| Price / MAexp50: | -2.93% | |
| Price / MAexp100: | -0.84% |
News
Don"t forget to follow the news on EXTRA SPACE STORAGE INC. At the time of publication of this analysis, the latest news was as follows:
- Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter 2019 Results
- Extra Space Storage Inc. to Present at Bank of America Merrill Lynch 2019 Global Real Estate Conference
- Extra Space Storage Inc. Announces 3rd Quarter 2019 Dividend
- Extra Space Storage Inc. Reports 2019 Second Quarter Results
- Extra Space Storage Inc. Assigned BBB Issuer Credit Rating by S&P Global Ratings
This member declared not having a position on this financial instrument or a related financial instrument.
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