The 15-minute chart for National Storage has recently exhibited a KDJ Golden Cross and a Bullish Marubozu pattern on July 17, 2025, at 13:45. This suggests a shift in momentum towards an upward trend, with a potential for further price appreciation. The dominance of buyers in the market indicates that bullish momentum is likely to persist.
U-Haul Holding Company (NYSE:UHAL) has seen a notable increase in self-storage revenues over the past three years, with unit counts and square footage rising by 9.7% and 10.5% respectively between 2024 and 2025. However, this growth has not been accompanied by a corresponding increase in occupancy, which has declined from 82.1% in 2024 to 79.2% in 2025. This indicates a potential challenge in maintaining high occupancy rates despite the increase in self-storage units [1].
The self-storage sector is expected to experience significant growth, but U-Haul faces intense competition from other players such as Public Storage and CubeSmart LP. A collaborative effort with Public Storage, the largest self-storage company in the US, has involved discounted U-Haul truck rentals, suggesting a strategic move to capitalize on the growing demand for self-storage services [1].
Despite the growth in self-storage revenues, U-Haul's self-moving equipment rental revenues have declined, indicating a shift in revenue sources. Between 2023 and 2025, self-storage revenues have increased by $153,421, while self-moving equipment rental revenues have decreased by $152,393. This suggests that U-Haul has been replacing declining self-moving equipment rental revenues with self-storage revenues, which does not necessarily warrant a bullish signal [1].
U-Haul's peers have outperformed the company over the past three years, with some analysts suggesting that U-Haul's brand recognition may not be enough to maintain leadership in the sector. The company has a relatively high debt-to-equity ratio and low or no revenue growth, further indicating potential challenges [1].
Given the competitive landscape and the company's financial metrics, a cautious approach is advisable. While the moving and storage sector is expected to grow, there is no compelling reason to expect U-Haul to outperform its peers or maintain leadership in the sector. Therefore, a cautious approach, possibly a sell or hold recommendation, is recommended for investors considering U-Haul's stock.
References:
[1] https://seekingalpha.com/article/4801465-u-haul-self-storage-growth-does-not-warrant-a-buy-or-hold-recommendation-sell
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