ESSEX PROPERTY TRUST INC (ESS) Stock Technical Analysis
NYSE:ESS - New York Stock Exchange, Inc. - US2971781057 - REIT - Currency: USD
Taking everything into account, ESS scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ESS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ESS did better than 79% of all other stocks. We also observe that the gains produced by ESS over the past year are nicely spread over this period.
ESS is one of the better performing stocks in the Residential REITs industry, it outperforms 78% of 20 stocks in the same industry.
ESS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESS is lagging the market slightly.
In the last month ESS has a been trading in the 274.45 - 300.34 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, ESS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 291.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ESS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
266.90
318.31
We found 2 important support areas.
- A support zone ranging from 284.12 to 291.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 269.60 to 278.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @294.86 from a trend line in the daily time frame.
- Resistance @307.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 314.05 to 315.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.58
Mansfield-0.12
10 Day High299.66
10 Day Low285.85
20 Day High300.34
20 Day Low274.45
52 Week High317.73
52 Week Low225.4
Performance
1 Week1.07%
2 Weeks-1.12%
1 Month6.16%
3 Month-3.53%
6 Month-0.46%
12 Month28.52%
2 Year29.24%
3 Year-7.07%
5 Year4.02%
10 Year32.51%
15 Year243.12%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.6
RSI(14)58.99
LBB284.76
UBB298.37
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 294.87 | 285.84 | 9.03 (3.06%) | 25.00% |
| An entry @294.87. This is a Buy Stop order right above the resistance zone. | An exit @285.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.03 points, which is 3.06%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ESS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
294.74
+0.33 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.11%
1 Week1.07%
2 Weeks-1.12%
1 Month6.16%
3 Month-3.53%
6 Month-0.46%
12 Month28.52%
2 Year29.24%
3 Year-7.07%
5 Year4.02%
10 Year32.51%
15 Year243.12%
Volatility
ATR(14)6.27
ATR(20)%2.15%
ATR Inc-22.2%
Range Today4.73
ADR(20)6.2
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.58
Mansfield-0.12
10 Day High299.66
10 Day Low285.85
20 Day High300.34
20 Day Low274.45
52 Week High317.73
52 Week Low225.4
CS1 End291.65
CR1 Start294.86
Volume & EV
DER(3)4.35%
DER(5)2.69%
Volume456.20K
Volume Incr18.68%
Vol(5)515.98K
Vol(50)451.97K