Score 9.1 (out of 10): EXTRA SPACE STORAGE INC poised to seasonally rally by +6.6% during the next 30 days.

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What’s Going On Here?

Extra Space Storage is a real estate investment trust headquartered in Cottonwood Heights, Utah that invests in self storage units.

Why Now?

EXTRA SPACE STORAGE INC indicates an interesting 30 days seasonal set up. During similar occasions, EXTRA SPACE STORAGE INC shares had a median return of +6.6% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for EXTRA SPACE STORAGE INC received a high score of 9.1 (out of 10). This insight was generated with last price of 168.6.

What’s This Company About?

EXTRA SPACE STORAGE INC is in the REITS-Storage business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: EXR US.

What’s My Risk / Reward and Time Horizon?

We found 30 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 179.7 (+6.6%) has been reached. Based on EXTRA SPACE STORAGE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 162.9 (last price at 168.6), which is equivalent to a -3.4% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

6.6% (July- 2021), 0.1% (July-2020), 1.6% (July-2019), 8.7% (July-2018), 4.1% (July-2017), 6.6% (July-2016), 7.8% (July-2015), 7.3% (July-2014), 9.1% (July-2013)

Historical Chart:

Summary:

NameEXTRA SPACE STORAGE INC
ViewUp
Star (1 to 10)9.1
Target6.6%
Time30 days
Hit Rate100%

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