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Essex Property Trust Inc Stock Forecast NYSE:ESS

$344.95 (0.75%)

Volume: 311k

Closed: Dec 07, 2021

Hollow Logo Score: 1.590

Essex Property Trust Inc Stock Forecast

$344.95 (0.75%)

Volume: 311k

Closed: Dec 07, 2021

Score Hollow Logo 1.590
Which way will ESS go? Request
Stop-loss: $329.90 (-4.36%)
Key Stats
P/E Ratio 49.81
Trailing Dividend Rate 2.41% ($8.26)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Green day on Tuesday for Essex Property Trust Inc
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-06 Gain 0.75%

The Essex Property Trust Inc stock price gained 0.75% on the last trading day (Tuesday, 7th Dec 2021), rising from $342.37 to $344.95. , and 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 day the stock fluctuated 1.41% from a day low at $342.61 to a day high of $347.44. The price has risen in 6 of the last 10 days, but is still down by -0.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 311 thousand shares were bought and sold for approximately $107.36 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.47% during the next 3 months and, with a 90% probability hold a price between $354.38 and $387.36 at the end of this 3-month period.

Signals & Forecast

The Essex Property Trust Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $339.85 and $341.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 5.12%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Essex Property Trust Inc finds support from accumulated volume at $339.44 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 $4.83 between high and low, or 1.41%. For the last week the stock has had a daily average volatility of 3.10%.

Our recommended stop-loss: $329.90 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Is Essex Property Trust Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Essex Property Trust Inc stock to perform well in the short-term.

Current score: 1.590

Predicted Opening Price for Essex Property Trust Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$345.00 $344.95 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Dec 07, 2021 "Stifel Nicolaus" gave "$390.00" rating for ESS. The price target was set to $344.02+0.5%.

Volatility and Risk
Daily Average Volatility: 3.10 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.10 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $345.73
Price: $344.95
Support: $339.44

ESS Insider Trading Show all Trades

INSIDER POWER

1.935

Last 100 transactions
Buy: 560 668 | Sell: 289 824 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Buy 2 685 Farias John Stock Option (Right to Purchase)
Nov 30, 2021 Buy 9 236 Pak Barbara Stock Option (Right to Purchase)
Nov 30, 2021 Buy 7 732 Berry Adam W Stock Option (Right to Purchase)
Nov 30, 2021 Buy 14 391 Kleiman Angela L. Stock Option (Right to Purchase)
Nov 30, 2021 Buy 28 995 Schall Michael J Stock Option (Right to Purchase)
Show all Insider Trades
INSIDER POWER

1.935

Last 100 transactions
Buy: 560 668 | Sell: 289 824 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 349.83 1.41 %
347.98 0.88 %
346.85 0.55 %
Current price: 344.95
Support 343.15 -0.52 %
342.02 -0.85 %
340.17 -1.39 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 351.40 1.87 %
346.50 0.45 %
345.73 0.23 %
Current price 344.95
Support 339.44 -1.60%
336.56 -2.43%
334.87 -2.92%

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About Essex Property Trust Inc

Essex Property Trust Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. As of March 31, 2012, the company owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects. Its communities a... Read more

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