LIFE STORAGE Technical Analysis (NYSE:LSI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the LIFE 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 LSI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for LIFE STORAGE. The technical analysis form of LIFE STORAGE stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
LIFE STORAGE Moving Average
Moving averages show the LSI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $98.05 is above the last closing price of $95.29 and the 50 day moving average of $97.42 is above the last closing price of $95.29. The 10 and 20 day periods can predict short term moving average trends.
LIFE STORAGE Bollinger Bands
Bollinger bands comprise of a center line usually LSI SMA, and two LSI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of LIFE STORAGE bollinger bands.
LIFE STORAGE Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The LIFE STORAGE MACD indicator is below 0 indicating a bearish trend.
LIFE 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. 50.28 is the RSI value of LSI stock.