ESSEX PROPERTY TRUST INC (ESS)       223.42  +5.83 (+2.68%)

223.42  +5.83 (+2.68%)

US2971781057 - REIT - After market: 223.42 0 (0%)

Technical Rating

3

We assign a technical rating of 3 out of 10 to ESS. Recently some decent action could be observed, but in the medium term time frame this is still negative. ESS was also a bad performer in the overall market in the last year.



In the last month ESS has a been trading in the 205.63 - 223.90 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
82% of all other stocks performed better in the past year than ESS.
ESS is part of the Equity Real Estate Investment Trusts (REITs) industry. There are 217 other stocks in this industry, of which 84% are performing better than ESS.
ESS is currently trading near the lower end of its 52 week range, which is not a good sign. ESS is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 6.78% 0.53% -22.03% -32.73% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 18.91 205.24 - 363.36
ESS Weekly chart
ESS Daily chart

Support/Resistance Analysis


203.81

228.20
2 important support areas can be observed.
  • A support zone ranging from 211.58 to 223.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 205.87 to 207.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 223.43 to 225.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

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.


ESS Daily chart

ESSEX PROPERTY TRUST INC223.42

NYSE:ESS (1/27/2023, 7:05:16 PM)+5.83 (+2.68%)

After market: 223.42 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Real Estate
GICS Industry Equity Real Estate Investment Trusts (REITs)

Performance
Today 2.68% 1 Week 3.34%
2 Weeks 1.32% 1 Month 6.78%
3 Month 0.53% 6 Month -22.03%

Volatility
ATR(14) 4.71 ATR(20)% 2.38%
ATR Inc -0.63% Range Today 6.43

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 18.91 Mansfield -1.77
10 Day High 223.9 10 Day Low 212.61
20 Day High 223.9 20 Day Low 205.63
52 Week High 363.36 52 Week Low 205.24
CS1 End 223.21 CR1 Start 223.43

Volume & EV
DER(3) 4.43% DER(5) 0.08%
Volume 431.50K Volume Incr -10.14%
Vol(5) 402.34K Vol(50) 488.48K

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