ESSEX PROPERTY TRUST INC (ESS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESS - US2971781057 - REIT
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.
Although the technical rating is bad, ESS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 260.33, a Stop Loss order could be placed below this zone.
More info and screens
244.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 251.76 to 260.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @247.17 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 262.20 to 265.59. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 270.21 to 273.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 287.38 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.
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 | 29.31 | NEGATIVE | ESS has a low relative strength, it was outperformed by 70.69% off all stocks 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) | DOWN | NEGATIVE | The current price of ESS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests ESS has a positive trend. |
| Stochastics (14,3) | 60.94 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ESS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for ESS suggests a weak or negative trend. |
261.2
+5.47 (+2.14%)
ESSEX PROPERTY TRUST INC / ESS FAQ
What is the technical rating for ESS stock?
ChartMill assigns a technical rating of 0 / 10 to ESS.
Can you provide the trend direction for ESSEX PROPERTY TRUST INC?
The current trend direction for ESSEX PROPERTY TRUST INC (ESS) is Bearish.
Can you provide the RSI signal for ESSEX PROPERTY TRUST INC?
ESSEX PROPERTY TRUST INC (ESS) has an RSI value of 55.5242. This indicates that the stock is currently neutral.
What is the MACD signal for ESSEX PROPERTY TRUST INC (ESS) stock?
The MACD indicator for ESSEX PROPERTY TRUST INC (ESS) has a value of 0.458315, indicating a bearish trend.
What is the short term momentum for ESSEX PROPERTY TRUST INC (ESS) stock?
The short term momentum for ESSEX PROPERTY TRUST INC (ESS) is neutral.