Public Storage is a real estate investment trust (REIT). Co. is engaged in the ownership and operation of self-storage facilities and other related operations including tenant reinsurance and third-party self-storage management. It offers storage spaces for lease on a month-to-month basis, for personal and business use. Its segments include Self-Storage Operations and Ancillary Operations. The Self-Storage Operations segment includes the aggregated rental operations from the self-storage facilities it owns from same store facilities, acquired facilities, developed, and expanded facilities, and other non-same store facilities.
When researching a stock like Public 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 PSA 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 PSA 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 PSA 200 day moving average ("PSA 200 DMA"), while one of the most popular "shorter look-backs" is the PSA 50 day moving average ("PSA 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Public Storage. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the PSA 200 DMA and the PSA 50 DMA, we get a moving average convergence divergence indicator ("PSA MACD"). The PSA 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