The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 2/27/2026 -
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Essex Property Trust Inc (ESS) Technical Analysis

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Summary:
Weekly :
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a second consecutive positive week for the Essex Property Trust Inc (ESS). During the week, the ESS climbed 0.59 points, or 0.23%, and closed at 255.11 on Friday, February 27, 2026. Weekly volume was 12% above average.

Long-term trend: [See ESS long-term trend chart]
A long-term downtrend had started on September 17, 2024 at 317.73 and reached 243.25 on October 30, 2025. ESS lost 74.48 points, or 23.44%, in 58 weeks. The price is now at the 15.92% retracement level.

Medium-term trend: [See ESS medium-term trend chart]
A medium-term downtrend had started on November 28, 2025 at 264.70 and reached 244.63 on January 28, 2026. ESS lost 20.07 points, or 7.58%, in 8 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 240.72 and resistance is at 264.06. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, 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 November 21, 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 uptrend had started on January 28, 2026 at 244.63 and reached 266.49 on February 11, 2026. ESS gained -21.86 points, or -8.94%, in 14 days. The price is now at the 52.06% retracement level.

Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 4, 2026. This is an indication that the short-term trend is up.

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 declined below 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.22
Williams' Percentage Range (W%R) 32.00
Lane's Stochastic (%D-Slow) 56.94
Greed/Fear Indicator (GFI) 57.04
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.90
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 44.96
Greed/Fear Indicator (GFI) 54.82
Moving Average Converg./Diverg. (MACD) -4.85
Trading Signals
Description Value Chart
Upper Bollinger Band 264.48
Weekly Trendline Resistance 264.06
Daily Stochastic Crossing 259.38
50 Day Moving Average 255.68
Weekly Stochastic Crossing 255.58
20 Day Moving Average 255.21
Price 255.11
Parabolic System 249.51
Lower Bollinger Band 247.32
Weekly Trendline Support 240.72
Sector and Industry
Description Name Rank
Sector Real Estate 7
Industry REIT - Residential 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 244.63
Low Date 01/28/2026
High 266.49
High Date 02/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 264.06
Support 240.72
High 264.70
High Date 11/28/2025
Low 244.63
Low Date 01/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 316.30
High Date 03/04/2025
Low 243.25
Low Date 10/30/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 317.73
High Date 09/17/2024
Low 243.25
Low Date 10/30/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 195.03
Low Date 03/24/2023
High 317.73
High Date 09/17/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.