Nov. 14 at 3:20 AM
$EXR is currently trading at
$131.94, significantly below its 30-day moving average (MA30) of
$141.7 and 50-day moving average (MA50) of
$142.0, indicating a bearish trend. The RSI at 22.28 suggests that the stock is oversold, which may lead to a potential reversal or a short-term bounce. However, the price is still within the 60-day range, having a high of
$153.46 and a low of
$129.24, suggesting limited downside risk.
For a trade plan, consider entering a long position around
$132.50, with a stop loss at
$129.00 to manage risk. Set a first target at
$138.00, aligning with the MA30, and a second target at
$141.00, near the MA50. This strategy leverages the oversold condition while accounting for potential resistance levels.
Overall, the market context suggests a cautious bullish bias, with the potential for a short-term recovery.
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