Public Storage stock: buy or sell

PSA stock price: $227.84 0.89% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

2

Public Storage stock brief

  • Public Storage stock just changed 0.89% to close at $227.84 on the stock market today, after 3 consecutive sessions in positive.
  • Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. this downtrend marked a -4.49% loss(from its highs at $238.56).
  • Morgan Stanley and Truist published strong bullish ratings for Public Storage last Friday, with an average target of $233.00
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities.

Should I buy Public 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 $PSA stock a buy?

In the current situation of Public Storage there is not any eligible buy setup. This doesn't mean $PSA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Public Storage stock?

"To sell or not to sell", if you are holding Public Storage shares?. Just 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, detailed setups are very simple to use but are only valid for selling stocks in your porfolio, not for shorting $PSA stock

A golden rule is that you should not keep an operation that shows a greater losses than those expected by the time of the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Public Storage stock?

In the current situation of Public Storage there is not any eligible sell setup, so Public Storage stock holders with operations in green can keep their positions

Public Storage ratings

In the last month, 3 brokerage ratings were published for Public Storage

Public Storage analysts' ratings - Last 30 days
Brokerage firmRating
Dec 31st, 2020
Truist Neutral
Jan 22nd, 2021
Morgan Stanley
Truist NeutralStrong buy

Public Storage stock analysis

Public Storage accumulates a selloff of -4.49% since its latest peak last November at $238.56. The stock plotted 2 consecutive lower tops.

SMAs overview

PSA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $232.67 (2.12% above)
  • R2: $233.18 (2.34% above)
  • R3: $233.26 (2.38% above)
  • The current supports are:

  • S1: $226.08 (-0.77% below)
  • S2: $225.29 (-1.12% below)
  • S3: $224.56 (-1.44% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    PSA stock Bollinger Bands chart

    Relative strength index

    When the stays for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator is of little use, and we find ourselves in such a case.

    PSA stock RSI chart

    Public Storage stock price history

    Public Storage started trading on Nov 18th, 1980 at $1.98 per share1. Since then, PSA stock surged by 11,407.07%, with an average of 285.18% per year. If you had invested $1,000USD in Public Storage stock on Nov 1980, it would worth $115,070.71 today.

    1: Adjusted price after possible price splits or reverse-splits

    PSA stock price history chart

    Price target for Public Storage stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price target 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. Again, these forecasts are not direct recommendations for individual traders and must not be trusted blindly.

    There are 3 price predictions issued for Public Storage that average $233.00. Public Storage closed at $227.84 on Tuesday, so the target price is expecting an increase by 2.26%.

    Public Storage stock price predictions
    Brokerage firmPrice target
    Dec 31st, 2020
    Truist $205.00$233.00
    Jan 22nd, 2021
    Morgan Stanley $221.00
    Truist $233.00$245.00

    Earnings and financials

    Public Storage ($PSA) released quarterly earnings of $2.63 per share last November, significantly beating the analysts consensus estimate of $1.69 per share. This Q3 report represents an earnings surprise of 55.62%. Estimated revenue for this quarter was $723.1 million but Public Storage slightly undercut by 5.41%, reporting $684.0 million.

    Same quarter last year, reported EPS was $1.93, so current EPS is a gain of 36.27%. Looking at revenue, figures barely changed compared to $7.5B same quarter a year ago.

    Public Storage ($PSA) is hosting the earnings call late next February. Market analysts analysts forecast of $1.93, that is a 26.62% less than previous quarter.

    Public Storage performance

    PSA performance compared
    Company1m3m6m
    Public Storage ($PSA) 0.20% -1.90% 24.80%

    Important:
    The opinions published 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 have any knowledge of the specific circumstances of the reader, his or her 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 Opinions are posted for educative motives only

    Public Storage summary

    Tuesday, January 26th, 2021
    Open$225.86
    Close$227.84
    Day range$225.33 - $228.69
    Previous close$225.82
    Session gain0.89%
    Average true range$5.58
    50d mov avg$224.02
    100d mov avg$224.26
    200d mov avg$207.23
    Earnings dateFebruary 23rd, 2021

    Frequently asked questions

    What is Public Storage stock symbol?

    Public Storage is a public company trading in the US stock market with the PSA symbol

    Is Public Storage stock a buy or sell?

    Public Storage received 3 ratings in the last 30 days: 1 bullish, 0 bearish and 1 neutral.

    Will PSA go up?

    Public Storage had different price forecasts posted by market analysts in the last 30 days forecasting the target price to $233.00. That is a 2.26% than the last price ($227.84).