PUBLIC STORAGE - Daily - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 245.29 USD
My targets
240.29 USD (-1.44%)
232.41 USD (-4.67%)
My analysis
The strong short-term decline of PUBLIC STORAGE reinforces the current slightly bearish trend. As long as the price remains below 245.29 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 240.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 232.41 USD as an objective. Crossing it would then enable sellers to target 224.24 USD. A return to above 245.29 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.2
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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
PUBLIC STORAGE rating 243.79 USD. The price has increased by +0.93% since the last closing with the lowest point at 241.00 USD and the highest point at 243.86 USD. The deviation from the price is +1.16% for the low point and -0.03% for the high point.241.00
243.86
243.79
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this PUBLIC STORAGE chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 224.24 | 232.41 | 240.29 | 243.79 | 245.29 | 259.50 | 264.82 |
| Change (%) | -8.02% | -4.67% | -1.44% | - | +0.62% | +6.44% | +8.63% |
| Change | -19.55 | -11.38 | -3.50 | - | +1.50 | +15.71 | +21.03 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 235.94 | 237.30 | 239.42 | 240.78 | 242.91 | 244.27 | 246.39 |
| Camarilla | 240.59 | 240.91 | 241.23 | 241.55 | 241.87 | 242.19 | 242.51 |
| Woodie | 236.32 | 237.49 | 239.81 | 240.97 | 243.29 | 244.46 | 246.78 |
| Fibonacci | 237.30 | 238.63 | 239.45 | 240.78 | 242.11 | 242.94 | 244.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.82 | 234.24 | 237.89 | 242.31 | 245.97 | 250.39 | 254.04 |
| Camarilla | 239.33 | 240.07 | 240.81 | 241.55 | 242.29 | 243.03 | 243.77 |
| Woodie | 229.44 | 234.05 | 237.51 | 242.12 | 245.59 | 250.20 | 253.66 |
| Fibonacci | 234.24 | 237.32 | 239.23 | 242.31 | 245.40 | 247.30 | 250.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.36 | 229.89 | 237.58 | 251.10 | 258.79 | 272.32 | 280.01 |
| Camarilla | 239.44 | 241.38 | 243.33 | 245.27 | 247.22 | 249.16 | 251.10 |
| Woodie | 213.45 | 228.43 | 234.66 | 249.64 | 255.88 | 270.86 | 277.09 |
| Fibonacci | 229.89 | 237.99 | 243.00 | 251.10 | 259.21 | 264.21 | 272.32 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.62 | |
| MACD (12,26,9): | -1.8800 | |
| Directional Movement: | -11.61 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 242.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 246.46 | |
| Elder Ray (13): | -1.69 | |
| Super Trend (3,10): | 250.15 | |
| Zig ZAG (10): | 243.79 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 38.55 | |
| TEMA (21): | 241.82 | |
| Williams %R (14): | -50.51 | |
| Chande Momentum Oscillator (20): | -2.07 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 1.37 |
| MA7: | 243.18 | |
| MA20: | 244.77 | |
| MA50: | 250.83 | |
| MA100: | 246.41 | |
| MAexp7: | 243.21 | |
| MAexp20: | 245.12 | |
| MAexp50: | 246.82 | |
| MAexp100: | 242.95 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -2.81% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -1.23% | |
| Price / MAexp100: | +0.35% |
News
Don"t forget to follow the news on PUBLIC STORAGE. At the time of publication of this analysis, the latest news was as follows:
- Recent Analysis Shows Sempra Energy, Public Storage, Nutanix, Peabody Energy, Cornerstone OnDemand, and VirnetX Holding Market Influences — Renewed Outlook, Key Drivers of Growth
- Factors of Influence in 2018, Key Indicators and Opportunity within Arch Coal, Norfolk Souther, Public Storage, VirnetX Holding, Xcel Energy, and Investors Real Estate Trust — New Research Emphasizes Economic Growth
- Public Storage to Host Earnings Call
- Report: Exploring Fundamental Drivers Behind Invesco, Public Storage, Bunge, NeoPhotonics, Apartment Investment, and Welbilt – New Horizons, Emerging Trends, and Upcoming Developments
- Public Storage to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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