Extra Space Storage Technical Analysis (NYSE:EXR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Extra Space Storage stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the EXR stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Extra Space Storage. Technical analysis uses an approach for Extra Space Storage stock analysis that does not care for the fair value of a company but uses price and volume data only.
Extra Space Storage Moving Average
Moving averages help predict the price direction of EXR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $90.85 is above the price of $86.84.
Extra Space Storage Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the EXR stock. Currently the stock price of $86.84 is in the lower range of Extra Space Storage bollinger bands.
Extra Space Storage Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Extra Space Storage MACD line is below the signal line.
Extra Space Storage Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of EXR stock is 26.3.