Public Storage stock: buy or sell
Jul 29th, 2021
Public Storage stock brief
- Public Storage stock barely changed -0.29% to close at $313.00 on the stock market on Wednesday.
- 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 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 ATHs is that shares price doesn't have upper resistances, and usually it rises fast. 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 0.94% 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 $315.93. Arm your stop-loss at $284.34
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$315.93||$284.34||10.00%|
Should I sell Public Storage stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our emotions or the buzz surrounding the market. When selling, as well as buying, our strategies are very easy to follow and are only applicable for selling stocks you already own, not for shorting Public Storage stock
As a rule of thumb, you should never hold an operation that generates greater losses than those expected upon purchase. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Public Storage stock?
Currently, Public Storage stock doesn't match any of our preferred sell setups, so if you hold Public Storage shares and your operation is in profit probably is not time to sell now
Public Storage ratings
In the last month we couldn't find any rating for Public Storage
Public Storage stock analysis
Since last January, Public Storage has been drawing an uptrend that by now marked an amazing 49.72%. The chart shows higher peaks and higher troughs, and along the way gave some buy points for those who wanted to invest. Latest pullback was last May, when price bounced at $267.73. Public Storage broke out above $281.16 (its last top) in early June. That breakout was a good entry point that resulted in a 11.32% profit
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current supports are:
The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on July 19 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 61.53. Public Storage stock merely moved a 0.30% since that level was lost
Public Storage stock price history
Public Storage started trading on Nov 18th, 1980 priced at $2.72 per share1. Since then, PSA stock has risen by 11,407.35%, with an average of 285.18% per year. If you had invested thousand dollars in Public Storage stock on the IPO, it would worth $115,073.53 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Public Storage stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. If you are a small trader you don't have to invest based on these predictions.
We don't have any target price published in the last 30 days for Public Storage.
Earnings and financials
Last April, Public Storage ($PSA) reported EPS for that strongly uplifted Wall St. expectations. Quarterly EPS was $3.08 per share from an estimated $1.77. This Q1 report means an earnings surprise of 74.01%. On the contrary, the company said revenue was $716.4 million consistent with analysts' estimates.Same quarter one year ago, reported EPS was $1.79, so recently posted EPS means an improvement of 72.07%. Revenue inched a 6.31% on an annualized basis in the , from $7.4B to $7.9B last quarter.
Public Storage ($PSA) is presenting Q2 financial report next Wednesday. Market analysts analysts forecast of $1.84, that is a 40.26% lower than previous quarter.
Public Storage performance
|Public Storage ($PSA)||2.80%||14.80%||39.30%|
Important note:The viewpoints given in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual positions of the reader, his or her own financial statements 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 Opinions are posted for informational reasons only
Public Storage summary
|Wednesday, July 28th, 2021|
|Day range||$311.89 - $315.9|
|Average true range||$4.85|
|50d mov avg||$297.44|
|100d mov avg||$277.51|
|200d mov avg||$251.01|
|Earnings date||August 4th, 2021|