Extra Space Storage Stock Technical Analysis

EXR Stock  USD 132.74  0.28  0.21%   
As of the 23rd of April, Extra Space shows the Variance of 2.9, mean deviation of 1.28, and Standard Deviation of 1.7. Extra Space Storage technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for Extra Space Storage, which can be compared to its peers. Please confirm Extra Space Storage market risk adjusted performance and treynor ratio to decide if Extra Space Storage is priced favorably, providing market reflects its regular price of 132.74 per share. Given that Extra Space has information ratio of (0.13), we urge you to verify Extra Space Storage's prevailing market performance to make sure the company can sustain itself at a future point.

Extra Space Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Extra, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Extra
  
Extra Space's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Extra Space Analyst Consensus

Target PriceAdvice# of Analysts
152.42Buy18Odds
Extra Space Storage current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Extra analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Extra stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Extra Space Storage, talking to its executives and customers, or listening to Extra conference calls.
Extra Analyst Advice Details
Extra Space technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Extra Space technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Extra Space trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Extra Space Storage Technical Analysis

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Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Extra Space Storage volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Extra Space Storage Trend Analysis

Use this graph to draw trend lines for Extra Space Storage. You can use it to identify possible trend reversals for Extra Space as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Extra Space price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Extra Space Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Extra Space Storage applied against its price change over selected period. The best fit line has a slop of   0.02  , which may imply that the returns on investment in Extra Space Storage will continue to fail. It has 122 observation points and a regression sum of squares at 20.63, which is the sum of squared deviations for the predicted Extra Space price change compared to its average price change.

About Extra Space Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Extra Space Storage on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Extra Space Storage based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Extra Space Storage price pattern first instead of the macroeconomic environment surrounding Extra Space Storage. By analyzing Extra Space's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Extra Space's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Extra Space specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.01990.04080.03860.0442
Price To Sales Ratio19.1710.2510.66.04

Extra Space April 23, 2024 Technical Indicators

Most technical analysis of Extra help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Extra from various momentum indicators to cycle indicators. When you analyze Extra charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Extra Space April 23, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Extra stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Extra Space Storage is a strong investment it is important to analyze Extra Space's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extra Space's future performance. For an informed investment choice regarding Extra Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Extra Stock analysis

When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.
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Is Extra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.35)
Dividend Share
6.48
Earnings Share
4.74
Revenue Per Share
15.454
Quarterly Revenue Growth
0.572
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.