EXR stock: buy or sell
Updated on:
Mar 2nd, 2021
2
EXR stock brief
- After reaching new highs last Thursday, Extra Space Storage closed on Monday at $123.79 falling a -1.52%
- The stock is configuring an uptrend pattern since March 2020, when it bottomed at $70.84. This uptrend marked a 74.75% gain
- Extra Space Storage made public its earnings report on February 22
- 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 doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $EXR in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Extra Space Storage stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies are not intended for selling short $EXR stock
As a rule of thumb, you should not keep an investment that yields greater losses than those expected by the time of purchase. The moment to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Extra Space Storage stock?
In the current situation of Extra Space Storage there is not any eligible sell setup, so Extra Space Storage stock holders with operations in profit can keep their positions
Extra Space Storage ratings
In the last month, 2 brokerage ratings were published for Extra Space Storage
| Brokerage firm | Rating |
|---|---|
| Feb 4th, 2021 | |
| Raymond James | |
| Feb 24th, 2021 | |
| KeyCorp | Buy |
Extra Space Storage stock analysis
Since in March 2020, Extra Space Storage has been drawing an uptrend that so far marked a gorgeous 74.75%. The price line shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest pullback was last January, when price bounced at $106.56. Like in all uptrends, price needs to rest and currently price is moving in a range between $131.59 and $106.56
$EXR at All-time Highs
Last Thursday, Extra Space Storage marked all-time highs (ATH) again at $131.59
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Thursday, the price has corrected downwards by 5.93%
Relative strength index
The RSI dropped below the overbought level of 70 last Friday after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Monday was 60.05
Extra Space Storage stock price history
Extra Space Storage went public priced at an adjusted price1 of $6.24 on Aug 2004. Since then, EXR stock has risen by 1,883.81%, with an average of 117.74% per year. If you had invested $1,000USD in Extra Space Storage stock on the IPO, it would be valued $19,838.14 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Extra Space Storage stock
Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental data by the company, and many times. If you are a small trader you don't have to buy or sell based on these projections.
Averaging all price targets exposed below, the forecasted price for Extra Space Storage stock is $129.50. Extra Space Storage closed at $123.79 on Monday, that is a 4.41% than the forecasted price.
| Brokerage firm | Price target |
|---|---|
| Feb 4th, 2021 | |
| Raymond James | $125.00 → $125.00 |
| Feb 24th, 2021 | |
| KeyCorp | $124.00 → $134.00 |
Earnings and financials
Extra Space Storage ($EXR) had the shareholders event and posted the report on February 22. EXR beat consensus earnings estimates and posted of $1.48, that is a 64.44% surprise versus the previous estimates of $0.90. Even so, reported sales of $301.1 million were in line with Wall St. forecasts.
By comparison, the EPS for the same quarter last year was $0.82, so posted EPS means a gain of 80.49%. Looking at turnover, figures inched a 6.36% compared to $3.4B year over year.EXR ($EXR) posts earnings report next May. Wall Street estimates of $0.89, compared to previous quarter that was $1.48.
Extra Space Storage performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Extra Space Storage ($EXR) | 9.90% | 11.60% | 18.10% |
Important:
The viewpoints expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual scenarios of the reader, his or her own financial statements 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 Viewpoints are expressed for educative reasons onlyEXR summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $126.82 |
| Close | $123.79 |
| Day range | $123.73 - $128.59 |
| Previous close | $125.7 |
| Session gain | -1.52% |
| Average true range | $4.33 |
| 50d mov avg | $115.64 |
| 100d mov avg | $114.37 |
| 200d mov avg | $106.61 |
| Earnings date | May 5th, 2021 |