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
- 9/25/2026 -
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Essex Property Trust Inc (ESS) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryLane's Stochastic is oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the Essex Property Trust Inc (ESS). During the week, the ESS climbed 1.56 points, or 0.58%, and closed at 271.61 on Friday, September 25, 2026. Weekly volume was 39% above average.

ESS is a member of Real Estate Sector. Real Estate is the second most oversold sector. ESS is a member of REIT - Residential Industry. REIT - Residential is the fourth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 Descending Wedge chart pattern. The trend support level is at 226.31 and resistance is at 311.37. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening 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 Symmetric Triangle chart pattern. The uptrend support line (297.85) is broken. A broken support is considered to be a long-term bearish signal. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 weekly MACD line is below its signal line since August 28, 2026. 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 August 24, 2026 at 294.72 and reached 268.03 on September 18, 2026. ESS lost 26.69 points, or 9.06%, in 25 days. The price is now at the 13.41% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.42
Williams' Percentage Range (W%R) 76.30
Lane's Stochastic (%D-Slow) 47.71
Greed/Fear Indicator (GFI) 35.93
Moving Average Converg./Diverg. (MACD) -3.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.42
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 18.36
Oversold
Greed/Fear Indicator (GFI) 27.29
Moving Average Converg./Diverg. (MACD) 6.01
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 311.37
Monthly Trendline Support 297.85
Monthly Trendline Resistance 288.89
Upper Bollinger Band 283.61
50 Day Moving Average 283.07
20 Day Moving Average 275.17
Daily Stochastic Crossing 272.87
Price 271.61
Weekly Stochastic Crossing 271.00
Parabolic System 268.80
Lower Bollinger Band 267.84
Quarterly Trendline Support 226.31
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry REIT - Residential 4
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 294.72
High Date 08/24/2026
Low 268.03
Low Date 09/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 303.35
High Date 07/07/2026
Low 268.03
Low Date 09/18/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 288.89
Support 297.85
Low 238.46
Low Date 03/27/2026
High 303.35
High Date 07/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 311.37
Support 226.31
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.