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Archive
- 4/17/2025 -
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Essex Property Trust Inc (ESS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Essex Property Trust Inc (ESS). During the week, the ESS gained 11.79 points, or 4.47%, and closed at 275.29 on Thursday, April 17, 2025. It was the best weekly gain since February 28, 2025. Weekly volume was 48% above average.
ESS is a member of Real Estate Sector. Real Estate 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 March 24, 2023 at 195.03 and reached 317.73 on September 17, 2024. ESS gained -122.70 points, or -62.91%, in 77 weeks. The price is now at the 34.59% retracement level.
 Medium-term trend: [See ESS medium-term trend chart]
A medium-term downtrend had started on March 4, 2025 at 316.30 and reached 243.90 on April 9, 2025. ESS lost 72.40 points, or 22.89%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 230.23 and resistance is at 304.63. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ESS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. 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 March 27, 2025 at 310.10 and reached 243.90 on April 9, 2025. ESS lost 66.20 points, or 21.35%, in 13 days. The price is now at the 47.42% retracement level.
Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 2, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The distance between the Bollinger Bands is 190.16% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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