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Advanced TA SearchArchive
- 4/19/2024 -
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Essex Property Trust Inc (ESS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Essex Property Trust Inc (ESS). During the week, the ESS dropped -4.12 points, or -1.72%, and closed at 235.17 on Friday, April 19, 2024. Weekly volume was -25% below average.
ESS is a member of Real Estate Sector. Real Estate is the second most oversold sector. 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 uptrend had started on March 24, 2023 at 195.03 and reached 252.85 on December 28, 2023. ESS gained -57.82 points, or -29.65%, in 39 weeks. The price is now at the 30.58% retracement level.
 Medium-term trend: [See ESS medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 203.85 and reached 252.85 on December 28, 2023. ESS gained -49.00 points, or -24.04%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (235.16) 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.
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 April 9, 2024 at 249.74 and reached 230.90 on April 18, 2024. ESS lost 18.84 points, or 7.54%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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