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Archive
- 10/16/2026 -
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Essex Property Trust Inc (ESS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Essex Property Trust Inc (ESS). During the week, the ESS gave back -2.14 points, or -0.79%, and closed at 269.43 on Friday, October 16, 2026. Weekly volume was -22% below average.
ESS is a member of Real Estate Sector. Real Estate is the most oversold sector. ESS is a member of REIT - Residential Industry. REIT - Residential is the second most oversold industry. 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 chart has formed a Symmetric Triangle chart pattern. The trend support level is at 246.53 and resistance is at 301.28. 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 long-term trend.
 Medium-term trend: [See ESS medium-term trend chart]
A medium-term uptrend had started on March 27, 2026 at 238.46 and reached 303.35 on July 7, 2026. ESS gained -64.89 points, or -27.21%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (304.98) 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 medium-term trend.
 Weekly Technical Indicators: [See ESS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 28, 2026. 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 July 7, 2026 at 303.35 and reached 265.92 on October 5, 2026. ESS lost 37.43 points, or 12.34%, in 90 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 240.47 and resistance is at 285.46. 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 short-term trend.
 Daily Technical Indicators: [See ESS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 22, 2026. The distance between MACD and the signal line is low, but getting bigger.
A Parabolic SAR (stop and reversal) indicator (267.71) comes close to the price (269.43). 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.
The distance between the Bollinger Bands (2.78%) is close to one year low (3.26%). It is 58.26% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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