Extra Space Storage is a self-administered and self-managed real estate investment trust, which is engaged in owning, operating, managing, acquiring, developing and redeveloping self-storage properties (stores). Co. operating segments are: self-storage operations; and tenant reinsurance. Co.'s self-storage operations activities include rental operations of wholly-owned stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in Co.'s stores. Substantially all of Co.'s business is conducted through its subsidiary, Extra Space Storage LP.
When researching a stock like Extra Space Storage, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from EXR Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for EXR stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the EXR 200 day moving average ("EXR 200 DMA"), while one of the most popular "shorter look-backs" is the EXR 50 day moving average ("EXR 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Extra Space Storage. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the EXR 200 DMA and the EXR 50 DMA, we get a moving average convergence divergence indicator ("EXR MACD"). The EXR MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis