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Downtrend Broken Resist.Archive
- 8/21/2026 -
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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 climbed 1.48 points, or 0.51%, and closed at 289.00 on Friday, August 21, 2026. Weekly volume was -30% below 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 238.46 on March 27, 2026. ESS lost 79.27 points, or 24.95%, in 79 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 228.65 and resistance is at 311.67. 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 long-term trend.
 Medium-term trend: [See ESS medium-term trend chart]
A medium-term uptrend had started on March 27, 2026 at 238.46 and reached 303.35 on July 7, 2026. ESS gained -64.89 points, or -27.21%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (289.11) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 April 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 31, 2026 at 279.32 and reached 291.19 on August 20, 2026. ESS gained -11.87 points, or -4.25%, in 20 days. The price is now at the 18.45% retracement level.
Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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