ESRT Technical Analysis - EMPIRE STATE REALTY TRUST-A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ESRT. ESRT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

90% of all other stocks performed better in the past year than ESRT.

ESRT is one of the lesser performing stocks in the Diversified REITs industry. 81% of 130 stocks in the same industry do better.

ESRT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ESRT has a been trading in the 7.16 - 7.95 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.

ESRT has an average volume of 1443230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EMPIRE STATE REALTY TRUST-A / ESRT Weekly stock chart

EMPIRE STATE REALTY TRUST-A / ESRT Daily stock chart

Setup Rating and Analysis

The technical rating of ESRT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.89

8.14

When analyzing the support we notice one important area.

A support zone ranging from 6.96 to 7.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 7.55 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 7.94 to 8.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	10.69	NEGATIVE	ESRT has a low relative strength, it was outperformed by 89.31% 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)	33.57	NEUTRAL	The RSI value for ESRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests ESRT has a negative trend.
Stochastics (14,3)	14.73	OVERSOLD	The low Stochastics value suggests ESRT may be oversold.
Average True Range in percent/ATR (20)	2.62	MEDIUM VOLATILITY	The ATR as a percentage value for ESRT suggests some volalility.
Average Directional Index/ADX (14)	14.89	NEGATIVE	The low ADX value for ESRT suggests a weak or negative trend.