ESSEX PROPERTY TRUST INC (ESS) Technical Analysis
NYSE:ESS • US2971781057
Current stock price
ESS Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to ESS. In the past year, ESS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 77% of all other stocks performed better in the past year than ESS.
- 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 238.46 - 258.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ESS Weekly and Daily overview Charts
ESS Setup Rating and Analysis
ESS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 258.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 252.08, 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
ESS Support and Resistance Analysis
237.20
2 important support areas can be observed.
- A support zone ranging from 245.48 to 252.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 239.60 to 239.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @258.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 263.66 to 264.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @287.38 from a horizontal line in the weekly time frame.
ESS 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 | NEUTRAL | NEUTRAL | The long term trend for ESS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESS is up. |
| ChartMill Relative Strength | 23.88 | NEGATIVE | ESS has a low relative strength, it was outperformed by 76.12% 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 | MIXED | The current price of ESS is above 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) | 52.96 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests ESS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.52 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for ESS suggests low volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for ESS suggests a weak or negative trend. |
ESS Chart- and CandleStick Pattern Analysis
ESS Technicals: Chart, Performance Metrics, Trend & Indicators
252.19
-0.97 (-0.38%)
ESSEX PROPERTY TRUST INC / ESS TA FAQ
What is the technical rating for ESS stock?
ChartMill assigns a technical rating of 3 / 10 to ESS.
What is the trend direction for ESS stock?
The current trend direction for ESSEX PROPERTY TRUST INC (ESS) is Bearish.
What is the RSI signal for ESS stock?
ESSEX PROPERTY TRUST INC (ESS) has an RSI value of 52.9558. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ESSEX PROPERTY TRUST INC?
The short term momentum for ESSEX PROPERTY TRUST INC (ESS) is positive.
What is the support and resistance level for ESS stock?
ESSEX PROPERTY TRUST INC (ESS) has a support level at 252.08 and a resistance level at 258.27. Check the full technical report for our detailed analysis of ESS support and resistance levels.