Public Storage (PSA): Price Now Near $253.89; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for PSA

At the time of this writing, PSA (Get Ratings)’s price is down $-0.38 (-0.15%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PSA has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

PSA’s Technical Outlook on the Daily Chart

At the moment, PSA’s price is down $-1.42 (-0.56%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows PSA’s price action over the past 90 days.

PSA

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market