EXR stock: buy or sell
Updated on:
Aug 1st, 2021
2
EXR stock brief
- After reaching new highs on Friday, Extra Space Storage closed at $174.14 only moving a 0.23%
- Extra Space Storage gained a 1.36% in 4 consecutive sessions in positive
- Extra Space Storage is presenting its earnings report on Tuesday
- Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500.
Should I buy Extra Space Storage stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $EXR stock a buy?
In the current situation of Extra Space Storage there is just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that shares price doesn't struggle with upper resistances, and usually it scales fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 1.64% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $177.00. The stop loss would be ordered at $159.30
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $177.00 | $159.30 | 10.00% |
Should I sell Extra Space Storage stock?
Knowing when to sell a stock is even harder than knowing when to buy it. As when we have to buy shares, deciding when is appropiate to sell is not a haphazard decision, and we must use our own trading style. When selling, as well as buying, our strategies are very easy to follow and are only valid for selling stocks you already own, not for shorting $EXR stock
As a golden rule, you must never mantain an open trade that generates greater losses than those expected at the time of the buy. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Extra Space Storage stock?
Currently, Extra Space Storage stock doesn't match any of our preferred sell setups, so if you own Extra Space Storage shares and your operation is in profit probably is not time to sell now
Extra Space Storage ratings
In the previous month we couldn't find any rating for Extra Space Storage
Extra Space Storage stock analysis
Since in March 2020, Extra Space Storage has been drawing an uptrend that so far marked a gorgeous 149.31%. The price line shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest low was last May, when price bounced at $140.78. Last May, Extra Space Storage broke out above its last top ($148.49) offering a good entry point that resulted in a 17.27% gain
$EXR at new Highs
Extra Space Storage hit new all-time highs (ATH) on Friday at $177.00, and cleared the field for new highs as there are no further resistances. Previous highs were in mid-July
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current supports are:
Bollinger bands
The current range between the upper and lower bands is less than 5%, meaning that volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-July after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Friday was 64.11. Extra Space Storage stock only changed a 0.31% since RSI lost the overbought zone
Extra Space Storage stock price history
Extra Space Storage went public priced at an adjusted price1 of $6.16 on Aug 2004. Since then, EXR stock surged by 2,726.95%, with an average of 170.43% per year. An investment of $1,000USD on Aug 2004 would be valued $28,269.48 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Extra Space Storage stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts released by analysts over the last 30 days. If you are a small investor you should not buy or sell based on these forecasts.
In the last month we couldn't find any price target published for Extra Space Storage stock.
Earnings and financials
EXR ($EXR) releases quarterly earnings report on Tuesday. Forecasted for this quarter is $1.06, compared to $1.50 that was reported for Q1. Revenue estimates are $317.1 million.
Financial reporting day has a more than usual risk for traders as the information provided can jump up or down the shares price with very low volume and not honouring your buy or stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.
Last April, Extra Space Storage Inc. ($EXR) reported EPS for that highly improved Wall St. expectations. Quarterly EPS was $1.50 per share vs the estimates of $0.99. This quarterly report means an earnings surprise of 51.52%. On the contrary, reported sales were $303.6 million, consistent with analysts' estimates.
For comparison, the EPS for the same quarter last year was $0.83, so reported EPS is a increase of 80.72%. Looking at turnover, figures skyrocketed a 18.33% compared to $3.3B year over year.Extra Space Storage performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Extra Space Storage ($EXR) | 6.70% | 17.80% | 53.80% |
Please read:
The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the specific situations of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning reasons onlyEXR summary
| Friday, July 30th, 2021 | |
|---|---|
| Open | $174.37 |
| Close | $174.14 |
| Day range | $174.11 - $177 |
| Previous close | $173.74 |
| Session gain | 0.23% |
| Average true range | $3.35 |
| 50d mov avg | $162.31 |
| 100d mov avg | $150.43 |
| 200d mov avg | $131.92 |
| Earnings date | August 3rd, 2021 |