EMPIRE STATE REALTY TRUST-A (ESRT) Stock Technical Analysis
NYSE:ESRT • US2921041065
Taking everything into account, ESRT scores 0 out of 10 in our technical rating. ESRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ESRT is a bad performer in the overall market: 86% of all stocks are doing better.
- ESRT is one of the lesser performing stocks in the Diversified REITs industry. 86% of 123 stocks in the same industry do better.
- ESRT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ESRT has a been trading in the 5.91 - 6.91 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ESRT has an average volume of 1535590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ESRT has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.87
We can see 3 important resistance areas.
- A resistance zone ranging from 6.50 to 6.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.33 to 7.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.94 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ESRT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESRT is down. |
| ChartMill Relative Strength | 14.5 | NEGATIVE | ESRT has a low relative strength, it was outperformed by 85.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESRT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ESRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESRT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.39 | NEUTRAL | The RSI value for ESRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ESRT has a negative trend. |
| Stochastics (14,3) | 8.44 | OVERSOLD | The low Stochastics value suggests ESRT may be oversold. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ESRT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.76 | NEUTRAL | The ADX value for ESRT suggests a possible start of a new trend. |
5.93
-0.13 (-2.15%)
EMPIRE STATE REALTY TRUST-A / ESRT FAQ
Can you provide the ChartMill technical rating for EMPIRE STATE REALTY TRUST-A?
ChartMill assigns a technical rating of 0 / 10 to ESRT.
What is the trend direction for ESRT stock?
The current trend direction for EMPIRE STATE REALTY TRUST-A (ESRT) is Bearish.
What is the RSI signal for ESRT stock?
EMPIRE STATE REALTY TRUST-A (ESRT) has an RSI value of 33.3888. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EMPIRE STATE REALTY TRUST-A?
The short term momentum for EMPIRE STATE REALTY TRUST-A (ESRT) is negative.
What are the support and resistance levels for EMPIRE STATE REALTY TRUST-A (ESRT) stock?
EMPIRE STATE REALTY TRUST-A (ESRT) has a resistance level at 6.5. Check the full technical report for our detailed analysis of ESRT support and resistance levels.