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Weekly Pattern: | Rising Channel |
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Number of records: 8 |
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Essex Property Trust Inc (ESS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Essex Property Trust Inc (ESS). During the week, the ESS gained 8.64 points, or 3.45%, and closed at 258.95 on Friday, May 10, 2024. Weekly volume was -42% below average. Long-term trend: [See ESS long-term trend chart] A long-term uptrend had started on March 24, 2023 at 195.03 and reached 259.83 on May 10, 2024. ESS gained -64.80 points, or -33.23%, in 59 weeks. Price is near the trend high. Medium-term trend: [See ESS medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 203.85 and reached 259.83 on May 10, 2024. ESS gained -55.98 points, or -27.46%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (235.62) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance 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 19, 2024. This is an indication that the medium-term trend is up. 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 April 18, 2024 at 230.90 and reached 259.83 on May 10, 2024. ESS gained -28.93 points, or -12.53%, in 22 days. Price is near the trend high. Daily Technical Indicators: [See ESS daily technical indicators chart] Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Real Estate |
5 |
Industry |
REIT - Residential |
110 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
230.90 |
Low Date |
04/18/2024 |
High |
259.83 |
High Date |
05/10/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
223.06 |
Low Date |
02/13/2024 |
High |
259.83 |
High Date |
05/10/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
248.70 |
Support |
235.62 |
Low |
203.85 |
Low Date |
10/27/2023 |
High |
259.83 |
High Date |
05/10/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
195.03 |
Low Date |
03/24/2023 |
High |
259.83 |
High Date |
05/10/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
334.17 |
High Date |
10/22/2019 |
Low |
195.03 |
Low Date |
03/24/2023 |
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