When (PSA) Moves Investors should Listen

March 04, 2024, 11:38 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PSA

• Buy PSA slightly over 273.24 target 293.25 stop loss @ 272.45 Details

The technical summary data tells us to buy PSA near 273.24 with an upside target of 293.25. This data also tells us to set a stop loss @ 272.45 to protect against excessive loss in case the stock begins to move against the trade. 273.24 is the first level of support below 281.53 , and by rule, any test of support is a buy signal. In this case, support 273.24 is being tested, a buy signal would exist.

• Short PSA slightly under 293.25, target 273.24, stop loss @ 294.1 Details

The technical summary data is suggesting a short of PSA as it gets near 293.25 with a downside target of 273.24. We should have a stop loss in place at 294.1though. 293.25 is the first level of resistance above 281.53, and by rule, any test of resistance is a short signal. In this case, if resistance 293.25 is being tested, a short signal would exist.

Swing Trading Plans for PSA

• Buy PSA slightly over 286.04, target 293.25, Stop Loss @ 285.21 Details

If 286.04 begins to break higher, the technical summary data tells us to buy PSA just slightly over 286.04, with an upside target of 293.25. The data also tells us to set a stop loss @ 285.21 in case the stock turns against the trade. 286.04 is the first level of resistance above 281.53, and by rule, any break above resistance is a buy signal. In this case, 286.04, 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 286.04, target 278.53, Stop Loss @ 286.87. Details

The technical summary data is suggesting a short of PSA if it tests 286.04 with a downside target of 278.53. We should have a stop loss in place at 286.87 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, 286.04, 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 284.78, target 286.04, Stop Loss @ 284.12 Details

If 284.78 begins to break higher, the technical summary data tells us to buy PSA just slightly over 284.78, with an upside target of 286.04. The data also tells us to set a stop loss @ 284.12 in case the stock turns against the trade. 284.78 is the first level of resistance above 281.53, and by rule, any break above resistance is a buy signal. In this case, 284.78, 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 284.78, target 280.37, Stop Loss @ 285.44. Details

The technical summary data is suggesting a short of PSA if it tests 284.78 with a downside target of 280.37. We should have a stop loss in place at 285.44 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, 284.78, 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 March 04:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	252.58
P2	280.37	278.53	273.24
P3	284.78	286.04	293.25

AI Generated Signals for PSA

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