EMPIRE STATE REALTY TRUST-A (ESRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESRT - US2921041065 - REIT
We assign a technical rating of 1 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ESRT is a bad performer in the overall market: 87% of all stocks are doing better.
- ESRT is one of the lesser performing stocks in the Diversified REITs industry. 87% of 125 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 6.09 - 6.76 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ESRT has an average volume of 1373990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, ESRT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.70. Right above this resistance zone may be a good entry point.
More info and screens
6.32
When analyzing the support we notice one important area.
- A support zone ranging from 6.38 to 6.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.70 to 6.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.03 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.49 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.74 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ESRT is neutral. |
| ChartMill Relative Strength | 13.3 | NEGATIVE | ESRT has a low relative strength, it was outperformed by 86.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESRT is above the rising 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) | 53.83 | NEUTRAL | The RSI value for ESRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ESRT has a positive trend. |
| Stochastics (14,3) | 78.91 | NEUTRAL | The Stochastics value for ESRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ESRT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for ESRT suggests a possible start of a new trend. |
6.69
+0.1 (+1.52%)
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 1 / 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 53.8276. 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 neutral.
What are the support and resistance levels for EMPIRE STATE REALTY TRUST-A (ESRT) stock?
EMPIRE STATE REALTY TRUST-A (ESRT) has a support level at 6.46 and a resistance level at 6.7. Check the full technical report for our detailed analysis of ESRT support and resistance levels.