ESS Technical Analysis - ESSEX PROPERTY TRUST INC

Technical Rating and Analysis

Taking everything into account, ESS scores 1 out of 10 in our technical rating. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

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 an average performer in the Residential REITs industry, it outperforms 63% of 20 stocks in the same industry.

ESS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESS is lagging the market.

In the last month ESS has a been trading in a tight range between 258.82 and 270.84.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ESSEX PROPERTY TRUST INC / ESS Weekly stock chart

ESSEX PROPERTY TRUST INC / ESS Daily stock chart

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 267.98. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

249.55

317.19

We found 1 important support area.

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.

5 important resistance areas can be observed.

A resistance zone ranging from 267.98 to 271.01. 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 283.68 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.

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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	16.94	NEGATIVE	ESS has a low relative strength, it was outperformed by 83.06% 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)	51.7	NEUTRAL	The RSI value for ESS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.53	POSITIVE	The MACD value suggests ESS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	71.96	NEUTRAL	The Stochastics value for ESS is a neutral value.
Average True Range in percent/ATR (20)	1.69	LOW VOLATILITY	The low ATR as a percentage value for ESS suggests low volalility.
Average Directional Index/ADX (14)	15.1	NEGATIVE	The low ADX value for ESS suggests a weak or negative trend.