EXR is a storage related business, the stock has be tumbling for many months and it looks like we have further to go in the next 8-12 months. SHORT
A breakout above the curve can be seen A channel also can be drawn showing a break out above it, which allows the possible support of this top channel band Bullish on this daily timeframe This is an Ascending Scallop Pattern
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 31, 2021 with a closing price of...
EXR has been leading the S&P 500's real-estate sector, and there are no divergences yet in price, which tells us this stock could have further up to go.
After reaching new highs in 2018, a major bearish divergence has formed on both the MACD and RSI. This can be seen by a much lower reading on the indicator, yet a higher high made by the price. Also, an ascending wedge has formed, which will likely lead to major downside upon crack of the lower support trend line.
A break monthly wedge will bring a sharp waterfall, imo heading to 618 fib retracement
Looking good on the daily chart for $EXR