ESSEX PROPERTY TRUST INC (ESS) Stock Technical Analysis
NYSE:ESS - New York Stock Exchange, Inc. - US2971781057 - REIT - Currency: USD
Overall ESS gets a technical rating of 4 out of 10. In the past year, ESS was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
ESS is one of the better performing stocks in the Residential REITs industry, it outperforms 94% of 20 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ESS outperforms 48% of them, which is more or less in line with the market.
ESS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESS is lagging the market.
In the last month ESS has a been trading in a tight range between 276.88 and 291.02.
ESS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 286.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 285.31, a Stop Loss order could be placed below this zone.
More info and screens
260.84
318.31
3 important support areas can be observed.
- A support zone ranging from 283.58 to 285.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 273.21 to 275.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @263.47 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @286.64 from a trend line in the daily time frame.
- Resistance @292.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 314.05 to 315.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ESS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESS is neutral. |
| ChartMill Relative Strength | 48.16 | NEUTRAL | ESS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.06 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ESS has a positive trend. |
| Stochastics (14,3) | 64.91 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ESS suggests some volalility. |
| Average Directional Index/ADX (14) | 7.41 | NEGATIVE | The low ADX value for ESS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
286.63
-0.13 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-0.05%
1 Week0.86%
2 Weeks-0.38%
1 Month0.15%
3 Month8.79%
6 Month5.42%
12 Month4.48%
2 Year17.69%
3 Year0.03%
5 Year29.85%
10 Year27.44%
15 Year172.7%
Volatility
ATR(14)6.91
ATR(20)%2.21%
ATR Inc-5.82%
Range Today5.01
ADR(20)6.25
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.16
Mansfield-0.85
10 Day High291.02
10 Day Low276.88
20 Day High291.02
20 Day Low276.88
52 Week High317.73
52 Week Low243.85
CS1 End285.31
CR1 Start286.64
Volume & EV
DER(3)0.44%
DER(5)-0.91%
Volume528.90K
Volume Incr-15.75%
Vol(5)411.78K
Vol(50)462.10K