ESSEX PROPERTY TRUST INC (ESS) Stock Technical Analysis
USA - NYSE:ESS - US2971781057 - REIT
265.55 USD
+0.92 (+0.35%)
265.55 USD
0 (0%)
We assign a technical rating of 1 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.
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, ESS is a bad performer in the overall market: 84% 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.
ESS is part of the Residential REITs industry. There are 20 other stocks in this industry, ESS did better than 57% of them.
In the last month ESS has a been trading in a tight range between 256.98 and 270.68.
Although the technical rating is bad, ESS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 265.84. Right above this resistance zone may be a good entry point.
More info and screens
249.55
317.19
We found 2 important support areas.
- A support zone ranging from 265.27 to 265.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 252.07 to 257.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 265.84 to 270.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @276.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 284.33 to 287.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @292.59 from a horizontal line in the daily time frame.
- Resistance @314.05 from a horizontal line in the weekly 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 ESS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESS is neutral. |
| ChartMill Relative Strength | 16.19 | NEGATIVE | ESS has a low relative strength, it was outperformed by 83.81% off all stocks 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) | 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) | 49.35 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests ESS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.49 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for ESS suggests low volalility. |
| Average Directional Index/ADX (14) | 14.28 | 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)
265.55
+0.92 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.35%
1 Week-1.23%
2 Weeks1.9%
1 Month3.54%
3 Month-6.61%
6 Month-11.5%
12 Month-13.28%
2 Year25.21%
3 Year9.63%
5 Year32.25%
10 Year18.86%
15 Year142.64%
Volatility
ATR(14)4.7
ATR(20)%1.73%
ATR Inc-38.15%
Range Today2.89
ADR(20)4.32
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.19
Mansfield-1.62
10 Day High270.37
10 Day Low258.82
20 Day High270.68
20 Day Low256.98
52 Week High316.29
52 Week Low243.85
CS1 End265.44
CR1 Start265.84
Volume & EV
DER(3)-1.73%
DER(5)-0.89%
Volume496.60K
Volume Incr3.4%
Vol(5)412.06K
Vol(50)495.69K