Below is a weekly chart of National Storage REIT (NSR).
There was a recently a buy signal when PA had a breakout above $1.70 - $1.75 resistance area with conviction. SP is trading above both the 50w and 100w sma's which is bullish. Momentum indicators have been very bullish since mid-April with continued strong +ve expansion.
MACD had a bullish up-cross during early-March since with an expanding +ve histogram. MACD histogram (0.035) is at its highest level in over 2yrs. MACD bullish momentum has continued to expand rapidly due to recent PA. This is a bullish signal.
Stochastics bullish higher lows have been formed >20 during February/March, yet never reached oversold conditions. Stochastics had recently entered the bullish continuation region (>80) and due to recent strength looks to remain there for a while longer yet. This too is a bullish signal however altogether - is a very bullish signal.
IMO bullish over the next 6 - 12mths. DYOR.
NSR Price Action
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 (20min delay)
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Last
$2.46 |
Change
-0.015(0.61%) |
Mkt cap ! $3.405B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.47 | $2.44 | $4.148M | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 196217 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 312435 | 4 |
View Market Depth
| Last trade - 14.41pm 08/10/2024 (20 minute delay) ? |
| NSR (ASX) Chart |