Essex Property Trust Technical Analysis (NYSE:ESS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Essex Property Trust stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ESS stock chart which creates a trading signal.
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
Moving averages show the average price of ESS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $225.46 is below the last closing price of $227.27 and the 50 day moving average of $232.97 is above the last closing price of $227.27. The 10 and 20 day periods can predict short term moving average trends.
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. Essex Property Trust bollinger bands show that the stock price is $227.27, upper band is 234.71, lower band is 216.22, and the average is 225.46.
Essex Property Trust Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Essex Property Trust MACD line is below the signal line.
Essex Property Trust Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ESS stock is 43.21.