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Essex Property Trust Inc Stock Forecast NYSE:ESS

$332.08 (-1.10%)

Volume: 304k

Closed: Jan 21, 2022

Hollow Logo Score: 0.303

Essex Property Trust Inc Stock Forecast

$332.08 (-1.10%)

Volume: 304k

Closed: Jan 21, 2022

Score Hollow Logo 0.303
Which way will ESS go? Request
Stop-loss: $313.41 (-5.62%)
Earnings Date: Feb 02, 2022
Key Stats
P/E Ratio 48.85
Beta 0.81
Trailing Dividend Rate 2.47% ($8.28)
* 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 ] The Essex Property Trust Inc stock currently holds an RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Essex Property Trust Inc stock price down 1.1% on Friday
(Updated on Jan 21, 2022)


Hold candidate since 2022-01-20 Loss -1.10% PDF

The Essex Property Trust Inc stock price fell by -1.10% on the last day (Friday, 21st Jan 2022) from $335.78 to $332.08. and has now fallen 7 days in a row. During the day the stock fluctuated 2.55% from a day low at $331.37 to a day high of $339.81. The price has fallen in 7 of the last 10 days and is down by -4.83% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 304 thousand shares were bought and sold for approximately $101.00 million.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $331.88 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Essex Property Trust Inc stock with a 90% probability to be traded between $338.05 and $368.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The Essex Property Trust Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $341.56 and $345.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 04, 2022, and so far it has fallen -6.88%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Tuesday, January 04, 2022 with a target of $340.38. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss

Essex Property Trust Inc finds support from accumulated volume at $331.98 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 $8.44 between high and low, or 2.55%. For the last week the stock has had a daily average volatility of 2.46%.

Essex Property Trust Inc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $313.41 (-5.62%) (This stock has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 12 days ago.)

Is Essex Property Trust Inc stock A Buy?

Essex Property Trust Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.303

Hold/Accumulate Unchanged

Insiders are positive buying more shares than they are selling in Essex Property Trust Inc

In the last 100 trades there were 566.51 thousand shares bought and 279.78 thousand shares sold. The last trade was done 32 days ago by Marcus George M who sold 13.44 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for Essex Property Trust Inc of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$334.42 $332.08 (Undervalued)

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Analyst Ratings

On Jan 20, 2022 "Mizuho" gave "$360.00 - $382.00" rating for ESS. The price target was set to $342.90+1.0%.

Volatility and Risk
Daily Average Volatility: 2.46 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.46 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $339.44
Price: $332.08
Support: $331.98

ESS Insider Trading Show all Trades

INSIDER POWER

29.137

Last 100 transactions
Buy: 566 507 | Sell: 279 783 (Shares)
Date Action Amount Person Type
Dec 21, 2021 Sell 13 436 Marcus George M Stock Option (Right to Purchase)
Dec 21, 2021 Buy 13 436 Marcus George M Common Stock
Dec 21, 2021 Buy 8 012 Marcus George M Common Stock
Dec 21, 2021 Buy 7 000 Marcus George M Common Stock
Dec 21, 2021 Buy 3 265 Marcus George M Common Stock
Show all Insider Trades
INSIDER POWER

29.137

Last 100 transactions
Buy: 566 507 | Sell: 279 783 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 342.86 3.25 %
339.64 2.28 %
337.64 1.68 %
Current price: 332.08
Support 331.20 -0.27 %
329.20 -0.87 %
325.98 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 342.16 3.04 %
341.76 2.91 %
339.44 2.22 %
Current price 332.08
Support 331.98 -0.0301%
328.16 -1.18%
0 .

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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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