Essex Property Trust Technical Analysis (NYSE:ESS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Essex Property Trust stock price movements is formed, the ESS stock chart can become a key tool for a technical analyst.
See Essex Property Trust bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Essex Property Trust stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Essex Property Trust Moving Average:
ESS stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Essex Property Trust chart patterns after the calculations remain the same. The 100 day moving average of 253.69 is below the last closing price of 262.61. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $263.15 is above the price of $262.61.
Essex Property Trust Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ESS stock. Currently the stock price of $262.61 is in the lower range of Essex Property Trust bollinger bands.
Essex Property Trust Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Essex Property Trust MACD line is below the signal line.
Essex Property Trust Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of ESS stock is 45.68. .