ESS Technical Analysis - ESSEX PROPERTY TRUST INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ESS. ESS'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.

When comparing the yearly performance of all stocks, ESS is a bad performer in the overall market: 80% of all stocks are doing better.

ESS 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 ESS has a been trading in the 254.56 - 270.84 range, which is quite wide. It is currently trading near the lows of this range.

ESS is part of the Residential REITs industry. There are 20 other stocks in this industry, ESS did better than 68% of them.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ESSEX PROPERTY TRUST INC / ESS Weekly stock chart

ESSEX PROPERTY TRUST INC / ESS Daily stock chart

Setup Rating and Analysis

ESS has a poor technical rating and the quality of the setup is also only medium 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

249.55

317.19

When analyzing the support we notice one important area.

A support zone ranging from 252.07 to 254.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @257.58 from a trend line in the weekly time frame.
A resistance zone ranging from 262.85 to 272.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 280.43 to 292.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @314.05 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 ESS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ESS is down.
ChartMill Relative Strength	20.3	NEGATIVE	ESS has a low relative strength, it was outperformed by 79.7% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ESS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ESS is below a declining 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)	35.37	NEUTRAL	The RSI value for ESS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.95	NEGATIVE	The MACD value suggests ESS has a negative trend.
Stochastics (14,3)	10.79	OVERSOLD	The low Stochastics value suggests ESS may be oversold.
Average True Range in percent/ATR (20)	1.58	LOW VOLATILITY	The low ATR as a percentage value for ESS suggests low volalility.
Average Directional Index/ADX (14)	13.05	NEGATIVE	The low ADX value for ESS suggests a weak or negative trend.