The Greedy Trader Weekly Analysis
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Essex Property Trust Inc
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldA Parabolic SAR indicator is below and near the price
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It was the negative week for the Essex Property Trust Inc (ESS). During the week, the ESS dropped -2.73 points, or -1.11%, and closed at 244.31 on Friday, December 08, 2017. Weekly volume was 26% above average.

ESS is a member of Financial Sector. Financial is the most overbought 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 February 20, 2009 at 49.19 and reached 270.04 on September 11, 2017. ESS gained -220.85 points, or -448.97%, in 446 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 235.04 and resistance is at 267.36. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ESS medium-term trend chart]
A medium-term uptrend had started on October 25, 2016 at 200.01 and reached 270.04 on September 11, 2017. ESS gained -70.03 points, or -35.01%, in 45 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (280.51) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ESS may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 4, 2017. The distance between MACD and the signal line is near its high and getting bigger. 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 December 7, 2017 at 239.78 and reached 244.31 on December 8, 2017. ESS gained -4.53 points, or -1.89%, in 1 days. Price is near the trend high.

Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since November 1, 2017. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (244.96) comes close to the price (244.31). It indicates that the trend is getting weaker. 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) 34.02
Williams' Percentage Range (W%R) 95.20
Strong Oversold
Lane's Stochastic (%D-Slow) 17.84
Oversold
Greed/Fear Indicator (GFI) 18.88
Oversold
Moving Average Converg./Diverg. (MACD) -3.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.36
Williams' Percentage Range (W%R) 96.80
Strong Oversold
Lane's Stochastic (%D-Slow) 20.27
Greed/Fear Indicator (GFI) 21.24
Moving Average Converg./Diverg. (MACD) 2.76
Trading Signals
Description Value Chart
Quarterly Trendline Support 280.51
Quarterly Trendline Resistance 271.22
Yearly Trendline Resistance 267.36
Upper Bollinger Band 258.13
50 Day Moving Average 254.62
20 Day Moving Average 249.18
Parabolic System 244.96
Price 244.31
Weekly Stochastic Crossing 244.09
Daily Stochastic Crossing 241.32
Lower Bollinger Band 238.91
Yearly Trendline Support 235.04
Sector and Industry
Description Name Rank
Sector Financial 9
Industry REIT - Residential 22
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 239.78
Low Date 12/07/2017
High 244.31
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 264.07
High Date 11/01/2017
Low 239.78
Low Date 12/07/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 270.04
High Date 09/11/2017
Low 239.78
Low Date 12/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 271.22
Support 280.51
Low 200.01
Low Date 10/25/2016
High 270.04
High Date 09/11/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 267.36
Support 235.04
Low 49.19
Low Date 02/20/2009
High 270.04
High Date 09/11/2017
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.

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