How the (PSA) price action is used to our Advantage

January 17, 2025, 06:50 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PSA

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short PSA slightly under 306.29, target n/a, stop loss @ 307.17 Details

The technical summary data is suggesting a short of PSA as it gets near 306.29, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 307.17. 306.29 is the first level of resistance above 297.7, and by rule, any test of resistance is a short signal. In this case, if resistance 306.29 is being tested, so a short signal would exist.

Swing Trading Plans for PSA

• Buy PSA slightly over 306.29, target 335.12, Stop Loss @ 305.41 Details

If 306.29 begins to break higher, the technical summary data tells us to buy PSA just slightly over 306.29, with an upside target of 335.12. The data also tells us to set a stop loss @ 305.41 in case the stock turns against the trade. 306.29 is the first level of resistance above 297.7, and by rule, any break above resistance is a buy signal. In this case, 306.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PSA slightly near 306.29, target 294.05, Stop Loss @ 307.17. Details

The technical summary data is suggesting a short of PSA if it tests 306.29 with a downside target of 294.05. We should have a stop loss in place at 307.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 306.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PSA

• Buy PSA slightly over 306.29, target 335.12, Stop Loss @ 305.58 Details

If 306.29 begins to break higher, the technical summary data tells us to buy PSA just slightly over 306.29, with an upside target of 335.12. The data also tells us to set a stop loss @ 305.58 in case the stock turns against the trade. 306.29 is the first level of resistance above 297.7, and by rule, any break above resistance is a buy signal. In this case, 306.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PSA slightly near 306.29, target 296.78, Stop Loss @ 307. Details

The technical summary data is suggesting a short of PSA if it tests 306.29 with a downside target of 296.78. We should have a stop loss in place at 307 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 306.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Public Storage (PSA) available here: PSA.

PSA Ratings for January 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	306.29
P2	292.85	287.42	335.12
P3	296.78	294.05	364.11

AI Generated Signals for PSA

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Public Storage (NYSE: PSA) data table below can help you with price action, and we have more details too. Trading plans for PSA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.