When the Price of (PSA) Talks, People Listen

February 01, 2024, 09:44 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PSA

• Buy PSA slightly over 272.65 target 291.33 stop loss @ 271.86 Details

The technical summary data tells us to buy PSA near 272.65 with an upside target of 291.33. This data also tells us to set a stop loss @ 271.86 to protect against excessive loss in case the stock begins to move against the trade. 272.65 is the first level of support below 282.89 , and by rule, any test of support is a buy signal. In this case, support 272.65 is being tested, a buy signal would exist.

• Short PSA slightly under 291.33, target 272.65, stop loss @ 292.17 Details

The technical summary data is suggesting a short of PSA as it gets near 291.33 with a downside target of 272.65. We should have a stop loss in place at 292.17though. 291.33 is the first level of resistance above 282.89, and by rule, any test of resistance is a short signal. In this case, if resistance 291.33 is being tested, a short signal would exist.

Swing Trading Plans for PSA

• Buy PSA slightly over 284.8, target 289.54, Stop Loss @ 283.98 Details

If 284.8 begins to break higher, the technical summary data tells us to buy PSA just slightly over 284.8, with an upside target of 289.54. The data also tells us to set a stop loss @ 283.98 in case the stock turns against the trade. 284.8 is the first level of resistance above 282.89, and by rule, any break above resistance is a buy signal. In this case, 284.8, 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 284.8, target 272.65, Stop Loss @ 285.62. Details

The technical summary data is suggesting a short of PSA if it tests 284.8 with a downside target of 272.65. We should have a stop loss in place at 285.62 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, 284.8, 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 283.76, target 284.8, Stop Loss @ 283.1 Details

If 283.76 begins to break higher, the technical summary data tells us to buy PSA just slightly over 283.76, with an upside target of 284.8. The data also tells us to set a stop loss @ 283.1 in case the stock turns against the trade. 283.76 is the first level of resistance above 282.89, and by rule, any break above resistance is a buy signal. In this case, 283.76, 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 283.76, target 272.65, Stop Loss @ 284.42. Details

The technical summary data is suggesting a short of PSA if it tests 283.76 with a downside target of 272.65. We should have a stop loss in place at 284.42 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, 283.76, 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 February 01:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	252.45
P2	283.76	284.8	272.65
P3	286.21	289.54	291.33

AI Generated Signals for PSA

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Public Storage (NYSE: PSA) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for PSA can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.