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 ESBA
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Weaker technical forecast for Empire State Realty OP, L.P. Series ES as stock downgraded to Hold/Accumulate.
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 09, 2024 Gain 12.97% PDF

The Empire State Realty OP, L.P. Series ES stock price gained 2.27% on the last trading day (Tuesday, 23rd Jul 2024), rising from $10.56 to $10.80. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.69% from a day low at $10.65 to a day high of $11.15. The price has risen in 8 of the last 10 days and is up by 12.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $348.28 thousand.

The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $9.98, a level that may pose a second chance to hit a runner. According to fan-theory $10.94 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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ESBA Signals & Forecast

The Empire State Realty OP, L.P. Series ES 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 $10.52 and $9.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 23.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Empire State Realty OP, L.P. Series ES has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Empire State Realty OP, L.P. Series ES stock

Empire State Realty OP, L.P. Series ES finds support from accumulated volume at $10.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.500 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 2.57%.

The Empire State Realty OP, L.P. Series ES stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $10.43 (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (ESBA) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests to open at $10.87, and during the day (based on 14 day Average True Range), to move between $10.43 and $11.17, which gives a possible trading interval of +/-$0.371 (+/-3.43%) up or down from last closing price. If Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests takes out the full calculated possible swing range there will be an estimated 6.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $10.40, some $0.400 (3.70%) from the current price of $10.80, our system finds the risk reward attractive.

Is Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests stock A Buy?

Empire State Realty OP, L.P. Series ES 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$10.87 ( 0.617%) $10.80

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

Trading levels for ESBA

Fibonacci Support & Resistance Levels

Level Price
R3 11.37 5.25%
R2 11.18 3.48%
R1 11.06 2.39%
Price 10.80
S1 10.68 -1.15%
S2 10.56 -2.24%
S3 10.37 -4.01%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 10.80
S1 10.40 -3.70%
S2 9.25 -14.35%
S3 8.94 -17.22%

ESBA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 10, 2024 Jun 14, 2024 Jun 28, 2024 $0.0350 0.384%
2 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.0350 0.351%
3 Dec 08, 2023 Dec 15, 2023 Dec 29, 2023 $0.0350 0.372%
4 Aug 08, 2023 Sep 14, 2023 Sep 29, 2023 $0.0350 0.438%
5 Jun 14, 2023 Jun 14, 2023 Jun 14, 2023 $0.0350 0.500%

FAQ

What is the symbol for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock and on which exchange is it traded?
The symbol for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests is ESBA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock?
Empire State Realty OP, L.P. Series ES 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock?
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock.

What's the current price of Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock?
As of the end of day on the Jul 23, 2024, the price of an Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests (ESBA) share was $10.80.

What is the 52-week high and low for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock?
The 52-week high for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock is $11.15 and the 52-week low is $6.97.

What is the market capitalization of Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Stock?
As of the Jul 23, 2024, the market capitalization of Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests is 2.823B.
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About Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests

Empire State Realty OP L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.... ESBA Profile

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