ESSEX PROPERTY TRUST INC (ESS) Stock Technical Analysis
NYSE:ESS - New York Stock Exchange, Inc. - US2971781057 - REIT - Currency: USD
Taking everything into account, ESS scores 2 out of 10 in our technical rating. ESS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ESS is part of the Residential REITs industry. There are 20 other stocks in this industry. ESS outperforms 73% of them.
In the last month ESS has a been trading in the 269.10 - 293.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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 51% 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 trading in the upper part of its 52 week range, so ESS is lagging the market slightly.
Although the technical rating is bad, ESS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 287.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 283.72, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
260.84
318.31
3 important support areas can be observed.
- A support zone ranging from 280.25 to 283.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 268.72 to 271.32. 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.
When analyzing the resistance we notice 4 important areas.
- Resistance @287.71 from a horizontal line in the daily time frame.
- Resistance @295.11 from a trend line in the daily time frame.
- Resistance @307.28 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 | 51.49 | NEUTRAL | ESS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ESS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ESS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ESS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.68 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ESS has a positive trend. |
| Stochastics (14,3) | 61.36 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ESS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.33 | 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)
283.9
+1.82 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.65%
1 Week3.7%
2 Weeks-0.54%
1 Month-0.2%
3 Month-8.88%
6 Month-8.56%
12 Month9.28%
2 Year31.4%
3 Year0.02%
5 Year16.94%
10 Year27.53%
15 Year169.79%
Volatility
ATR(14)6.14
ATR(20)%2.17%
ATR Inc-1.02%
Range Today6.64
ADR(20)5.74
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.49
Mansfield-0.48
10 Day High289.12
10 Day Low269.1
20 Day High293.85
20 Day Low269.1
52 Week High317.73
52 Week Low243.85
CS1 End283.72
CR1 Start287.71
Volume & EV
DER(3)1.27%
DER(5)1.05%
Volume820.50K
Volume Incr20.8%
Vol(5)504.54K
Vol(50)481.47K