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Archive
- 3/21/2025 -
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Essex Property Trust Inc (ESS) Technical Analysis |
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the Essex Property Trust Inc (ESS). During the week, the ESS gained 5.10 points, or 1.73%, and closed at 300.10 on Friday, March 21, 2025. Weekly volume was 36% above average.
 Long-term trend: [See ESS long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 195.03 and reached 317.73 on September 17, 2024. ESS gained -122.70 points, or -62.91%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 224.37 and resistance is at 348.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See ESS medium-term trend chart]
A medium-term downtrend had started on September 17, 2024 at 317.73 and reached 268.00 on January 8, 2025. ESS lost 49.73 points, or 15.65%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 259.54 and resistance is at 310.18. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ESS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 28, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See ESS short-term trend chart]
A short-term downtrend had started on March 4, 2025 at 316.30 and reached 287.20 on March 13, 2025. ESS lost 29.10 points, or 9.20%, in 9 days. The price is now at the 44.33% retracement level.
Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 7, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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