Public Storage stock: buy or sell
Jan 27th, 2021
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
|Dec 31st, 2020|
|Jan 22nd, 2021|
|Truist|| Neutral → |
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.
Supports and resistances
The current resistances are:
The current supports are:
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
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.
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
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%.
|Brokerage firm||Price target|
|Dec 31st, 2020|
|Truist||$205.00 → $233.00|
|Jan 22nd, 2021|
|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 $1.93, that is a 26.62% less than previous quarter.
Public Storage performance
|Public Storage ($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|
|Day range||$225.33 - $228.69|
|Average true range||$5.58|
|50d mov avg||$224.02|
|100d mov avg||$224.26|
|200d mov avg||$207.23|
|Earnings date||February 23rd, 2021|