The Greedy Trader Weekly Analysis
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Essex Property Trust Inc
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Essex Property Trust Inc (ESS). During the week, the ESS gave back -0.40 points, or -0.17%, and closed at 239.62 on Friday, July 13, 2018. Weekly volume was -7% below average.

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 uptrend support line (245.63) 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 long-term trend.

Medium-term trend: [See ESS medium-term trend chart]
A medium-term downtrend had started on September 11, 2017 at 270.04 and reached 214.03 on February 6, 2018. ESS lost 56.01 points, or 20.74%, in 21 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (233.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ESS may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See ESS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since March 16, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 17, 2018 at 247.24 and reached 226.22 on May 18, 2018. ESS lost 21.02 points, or 8.50%, in 31 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 233.95 and resistance is at 240.89. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

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

The daily MACD line is above its signal line since June 28, 2018.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.91
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 82.12
Overbought
Greed/Fear Indicator (GFI) 78.55
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.96
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 52.75
Greed/Fear Indicator (GFI) 61.59
Moving Average Converg./Diverg. (MACD) -1.71
Trading Signals
Description Value Chart
Yearly Trendline Resistance 279.55
Yearly Trendline Support 245.63
Upper Bollinger Band 244.53
Daily Stochastic Crossing 242.30
Weekly Trendline Resistance 240.89
Monthly Trendline Resistance 240.89
Price 239.62
Quarterly Trendline Resistance 237.96
50 Day Moving Average 237.30
20 Day Moving Average 236.76
Parabolic System 236.27
Weekly Stochastic Crossing 235.43
Weekly Trendline Support 233.95
Monthly Trendline Support 233.24
Quarterly Trendline Support 233.24
Lower Bollinger Band 231.88
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Residential 141
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 230.29
Low Date 06/18/2018
High 243.70
High Date 07/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 240.89
Support 233.95
High 247.24
High Date 04/17/2018
Low 226.22
Low Date 05/18/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 240.89
Support 233.24
Low 214.03
Low Date 02/06/2018
High 247.24
High Date 04/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 237.96
Support 233.24
High 270.04
High Date 09/11/2017
Low 214.03
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 279.55
Support 245.63
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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