RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ESS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Essex Property Trust Inc stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Essex Property Trust Inc stock price gained 1.55% on the last trading day (Wednesday, 27th Mar 2024), rising from $237.73 to $241.41. During the last trading day the stock fluctuated 1.69% from a day low at $237.50 to a day high of $241.52. The price has fallen in 6 of the last 10 days and is down by -0.38% for this period. Volume fell on the last day by -50 thousand shares and in total, 247 thousand shares were bought and sold for approximately $59.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $243.97 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.76% during the next 3 months and, with a 90% probability hold a price between $216.07 and $237.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ESS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -1.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Essex Property Trust Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $240.21 and $235.90. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Essex Property Trust Inc stock

Essex Property Trust Inc finds support from accumulated volume at $240.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.02 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: $232.36 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (ESS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Essex Property Trust Inc to open at $240.14, and during the day (based on 14 day Average True Range), to move between $236.72 and $246.10, which gives a possible trading interval of +/-$4.69 (+/-1.94%) up or down from last closing price. If Essex Property Trust Inc takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $241.69 (0.12%) than the support at $240.85 (0.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Essex Property Trust Inc stock A Buy?

Essex Property Trust Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.319 Hold/Accumulate Upgraded

Predicted Opening Price for Essex Property Trust Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$240.14 ( 0.525%) $241.41

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 244.16 1.14 %
R2 242.63 0.504 %
R1 241.68 0.111 %
Current price: 241.41
Support S1 238.61 -1.16 %
S2 237.66 -1.55 %
S3 236.12 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 247.88 2.68 %
R2 243.58 0.90 %
R1 241.69 0.116 %
Current price 241.41
Support S1 240.85 -0.232%
S2 237.60 -1.58%
S3 229.34 -5.00%

ESS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 12, 2024 $2.45 1.01%
2 Dec 08, 2023 Dec 29, 2023 Jan 12, 2024 $2.31 0.93%
3 Sep 07, 2023 Sep 28, 2023 Oct 13, 2023 $2.31 1.05%
4 May 12, 2023 Jun 29, 2023 Jul 14, 2023 $2.31 0.94%
5 Feb 23, 2023 Mar 30, 2023 Apr 14, 2023 $2.31 1.11%

FAQ

What is the symbol for Essex Property Trust Inc Stock and on which exchange is it traded?
The symbol for Essex Property Trust Inc is ESS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Essex Property Trust Inc Stock?
Essex Property Trust Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Essex Property Trust Inc Stock?
Essex Property Trust Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Essex Property Trust Inc Stock.

What's the current price of Essex Property Trust Inc Stock?
As of the end of day on the 2024-03-27, the price of an Essex Property Trust Inc (ESS) share was $241.41.

What is the 52-week high and low for Essex Property Trust Inc Stock?
The 52-week high for Essex Property Trust Inc Stock is $252.84 and the 52-week low is $198.29.

What is the market capitalization of Essex Property Trust Inc Stock?
As of the 2024-03-27, the market capitalization of Essex Property Trust Inc is 15.499B.

When is the next earnings date for Essex Property Trust Inc?
The upcoming earnings date for Essex Property Trust Inc is Apr 25, 2024.
Click to get the best stock tips daily for free!

About Essex Property Trust Inc

Essex Property Trust Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.... ESS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT