EXR:
The current market price is 138.58, with a percentage change of +0.42% from the previous close.
Support and Resistance Levels
The current support levels are 137.45, 136.40, and 135.20. Resistance levels are 139.50, 140.80, and 142.00, with a pivot point at 138.00.
Indicators
The RSI indicates overbought conditions at 78.18, and the ATR is 0.39, suggesting low volatility. ADX shows a strong trend at 72.60. The 50-day SMA is 139.85, while the 200-day EMA is 138.66. The Parabolic SAR is at 138.93, indicating bullish momentum.
Market Sentiment
Given the market price is above the pivot of 138.00, and indicators are bullish, a bullish trend is expected.
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EXR Signals & Technical Analysis
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Extra Space Storage Inc. (NYSE: EXR) is a leading self-storage solutions provider headquartered in Salt Lake City, Utah. Founded in 1977, the company has evolved into one of the largest self-storage operators in the United States, with over 2,200 properties across 40 states and Washington, D.C. Extra Space Storage focuses on meeting the diverse storage needs of both residential and commercial customers by providing high-quality, secure, and accessible storage facilities. The company prides itself on customer service excellence and innovative storage solutions, which have earned it a strong reputation in the industry.
Market Position
As a dominant player in the self-storage industry, Extra Space Storage holds a significant market share, making it one of the most recognized names in the sector. The company differentiates itself through its strategic acquisition of properties, development of new facilities, and effective marketing strategies. With a commitment to sustainability, Extra Space Storage has implemented eco-friendly practices throughout its operations, further enhancing its appeal to environmentally conscious consumers. The company's robust online presence and user-friendly digital platforms cater to the growing demand for convenient, accessible storage solutions.
Key Financial Highlights
Extra Space Storage's financial performance reflects its strong market position and effective management strategies. The company has consistently demonstrated robust revenue growth, reporting $1.2 billion in revenue for the fiscal year 2022. Its impressive same-store revenue growth of 10% underscores the increasing demand for storage solutions in a dynamic market. Extra Space Storage also maintains a solid balance sheet with a low debt-to-equity ratio, allowing for strategic growth opportunities and investments in property enhancements. Moreover, the company delivers value to its shareholders through a consistent dividend policy, showcasing its commitment to returning capital while simultaneously reinvesting in future growth. With a strong outlook and a focus on innovation, Extra Space Storage is well-positioned to capitalize on the ongoing demand for self-storage services.