EXR stock: buy or sell
May 17th, 2021
EXR stock brief
- Extra Space Storage closed last Friday at $144.63 after scarcely moving a -0.25%.
- BMO Capital Markets published a neutral rating for Extra Space Storage last Friday, with a forecast of $160.00
- The stock is configuring an uptrend pattern since March 2020, when it bottomed at $70.29. This rally marked a 105.76% gain
- 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?
Currently, Extra Space Storage stock matches one trading strategy:
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 ATHs is that price doesn't have upper resistances, and usually it rises quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 3.32% 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 $149.43. Place your stop-loss at $134.49
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$149.43||$134.49||10.00%|
Should I sell Extra Space Storage stock?
When you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Trading strategies prevent us from making impetuous decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our strategies are very easy to follow but are only applicable for selling stocks in your porfolio, not for selling short $EXR stock
As a rule of thumb, you should never mantain an open trade that generates higher than expected losses upon purchase. The moment to sell your stock always has to be dictated 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 hold Extra Space Storage shares and your operation is in profit probably is not time to sell now
Extra Space Storage ratings
In the last month, just one analyst rating was published for Extra Space Storage
|May 14th, 2021|
|BMO Capital Markets|
Extra Space Storage stock analysis
Since in March 2020, Extra Space Storage has been drawing an uptrend that so far marked an amazing 105.76%. During this uptrend, the price gave some buy points on the breakouts. Latest pullback was last January, when price bounced at $105.74. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $149.43 and $105.74
Supports and resistances
The current resistance levels are:
The current supports are:
The evolution of the Bollinger Bands on the chart reveals that they are quite tight (4.18%), which clearly indicates that price 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 on May 3 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 53.25. Extra Space Storage stock dropped a 2.73% since that level was lost
Extra Space Storage stock price history
Extra Space Storage started trading priced at an adjusted price1 of $6.19 on Aug 2004. Since then, EXR stock has risen by 2,236.51%, with an average of 139.78% per year. An investment of thousand dollars on the IPO would be valued $23,365.11 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Extra Space Storage stock
Nobody knows how much a stock will be priced in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and usually. If you are a small investor you should not buy or sell based on these predictions.
There is just one price target available for Extra Space Storage that predicts a price of $160.00.
|Brokerage firm||Price target|
|May 14th, 2021|
|BMO Capital Markets||$149.08 → $160.00|
Earnings and financials
Extra Space Storage Inc. ($EXR) published earnings of $1.50 per share in late April, highly beating the Wall St consensus estimate of $0.99 per share. This Q1 report represents an earnings surprise of 51.52%. On the contrary, reported sales were $303.6 million, aligned with analysts' estimates.In contrast, the EPS for the same quarter last year was $0.83, so current EPS means a gain of 80.72%. Looking at turnover, figures went up a 8.39% compared to $3.4B year over year.
EXR ($EXR) is presenting quarterly earnings report next August. Forecasted for this quarter is $1.01, compared to $1.50 that was reported for Q1.
Extra Space Storage performance
|Extra Space Storage ($EXR)||1.50%||24.80%||24.40%|
Disclaimer:The thoughts written in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for educative motives only
|Friday, May 14th, 2021|
|Day range||$143.63 - $145.26|
|Average true range||$3.46|
|50d mov avg||$138.31|
|100d mov avg||$126.82|
|200d mov avg||$117.62|
|Earnings date||August 3rd, 2021|