ESSEX PROPERTY TRUST INC (ESS) Technical Analysis
NYSE:ESS • US2971781057
Current stock price
ESS Technical Rating and Analysis
Overall ESS gets a technical rating of 0 out of 10. ESS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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: 78% 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.
- In the last month ESS has a been trading in the 238.46 - 254.37 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.
- ESS is part of the Residential REITs industry. There are 20 other stocks in this industry, ESS did better than 68% of them.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 250.08. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ESS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ESS Support and Resistance Analysis
237.20
We found 1 important support area.
- 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.
- A resistance zone ranging from 250.08 to 252.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 256.57 to 258.27. This zone is formed by a combination of multiple trend lines 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.
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 | 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 | 22.33 | NEGATIVE | ESS has a low relative strength, it was outperformed by 77.67% 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 | 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) | 51.15 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests ESS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.58 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ESS suggests low volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for ESS suggests a possible start of a new trend. |
ESS Chart- and CandleStick Pattern Analysis
ESS Technicals: Chart, Performance Metrics, Trend & Indicators
248.95
-1.12 (-0.45%)
ESSEX PROPERTY TRUST INC / ESS TA FAQ
What is the technical rating for ESS stock?
ChartMill assigns a technical rating of 0 / 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 51.1461. 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 neutral.
What is the support and resistance level for ESS stock?
ESSEX PROPERTY TRUST INC (ESS) has a support level at 239.6 and a resistance level at 250.08. Check the full technical report for our detailed analysis of ESS support and resistance levels.