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
- 3/27/2026 -
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Essex Property Trust Inc (ESS) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support lineWeekly  MACD line has moved below its signal line
Daily :Lane's Stochastic is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Essex Property Trust Inc (ESS). During the week, the ESS gave back -0.58 points, or -0.24%, and closed at 239.61 on Friday, March 27, 2026. Weekly volume was 10% above average.

Long-term trend: [See ESS long-term trend chart]
A long-term downtrend had started on March 4, 2025 at 316.30 and reached 238.46 on March 27, 2026. ESS lost 77.84 points, or 24.61%, in 55 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (242.78) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See ESS medium-term trend chart]
A medium-term downtrend had started on February 11, 2026 at 266.49 and reached 238.46 on March 27, 2026. ESS lost 28.03 points, or 10.52%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (246.94) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See ESS weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 25, 2026 at 245.60 and reached 238.46 on March 27, 2026. ESS lost 7.14 points, or 2.91%, in 2 days. The price is now at the 16.11% retracement level.

Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 5, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.21
Williams' Percentage Range (W%R) 70.80
Lane's Stochastic (%D-Slow) 17.74
Oversold Bullish
Greed/Fear Indicator (GFI) 24.04
Moving Average Converg./Diverg. (MACD) -2.68 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.69
Williams' Percentage Range (W%R) 79.20
Lane's Stochastic (%D-Slow) 34.74
Greed/Fear Indicator (GFI) 32.66
Moving Average Converg./Diverg. (MACD) -4.37 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 259.51
Upper Bollinger Band 259.44
50 Day Moving Average 252.47
20 Day Moving Average 249.35
Weekly Trendline Support 246.94
Parabolic System 246.43
Weekly Stochastic Crossing 246.25
Weekly Trendline Resistance 244.39
Monthly Trendline Support 242.78
Daily Stochastic Crossing 240.58
Price 239.61
Lower Bollinger Band 236.33
Sector and Industry
Description Name Rank
Sector Real Estate 6
Industry REIT - Residential 13
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 245.60
High Date 03/25/2026
Low 238.46
Low Date 03/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 244.39
Support 246.94
High 266.49
High Date 02/11/2026
Low 238.46
Low Date 03/27/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 259.51
Support 242.78
High 316.30
High Date 03/04/2025
Low 238.46
Low Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 317.73
High Date 09/17/2024
Low 238.46
Low Date 03/27/2026
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.