ESSEX PROPERTY TRUST INC (ESS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESS - US2971781057 - REIT
Overall ESS gets a technical rating of 1 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 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.
- 73% 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.
- ESS is part of the Residential REITs industry. There are 20 other stocks in this industry, ESS did better than 52% of them.
- In the last month ESS has a been trading in the 247.69 - 264.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ESS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 257.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 256.82, a Stop Loss order could be placed below this zone.
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244.70
When analyzing the support we notice one important area.
- A support zone ranging from 247.17 to 256.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 257.42 to 264.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @270.21 from a horizontal line in the daily time frame.
- Resistance @287.38 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 | 27.16 | NEGATIVE | ESS has a low relative strength, it was outperformed by 72.84% 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) | UP | MIXED | The current price of ESS is below the rising 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) | 51.29 | NEUTRAL | The RSI value for ESS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ESS has a positive trend. |
| Stochastics (14,3) | 57.06 | NEUTRAL | The Stochastics value for ESS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for ESS suggests low volalility. |
| Average Directional Index/ADX (14) | 17.29 | NEGATIVE | The low ADX value for ESS suggests a weak or negative trend. |
257.24
+0.99 (+0.39%)
ESSEX PROPERTY TRUST INC / ESS FAQ
What is the technical rating for ESS stock?
ChartMill assigns a technical rating of 1 / 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 ESSEX PROPERTY TRUST INC (ESS) stock?
ESSEX PROPERTY TRUST INC (ESS) has an RSI value of 51.2867. This indicates that the stock is currently neutral.
What is the MACD signal for ESS stock?
The MACD indicator for ESSEX PROPERTY TRUST INC (ESS) has a value of 0.228365, indicating a bearish trend.