ESBA Stock Forecast and Technical Analysis
Sell candidate since 2020-01-29 Loss -38.64% PDF
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests gained 4.95% in the last trading day ( Thursday, 2nd Apr 2020 ), rising from $8.08 to $8.48 During the day the stock fluctuated 7.75% from a day low at $7.87 to a day high of $8.48. The price has risen in 6 of the last 10 days and is up by 0.12% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 35 523 more shares were traded than the day before. In total, 51 688 shares bought and sold for approximately $438 314.00.
ESBA Stock Price Summary
- 30 day high of the ESBA stock price was $12.50 and low was $6.07.
- 90 day high was $14.20 and low was $6.07.
- 52 week high for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests - $15.90 and low - $6.07.
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -40.50% during the next 3 months and, with 90% probability hold a price between $3.50 and $5.92 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday April 01, 2020, which indicates further gains until a new top pivot has been found. Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests has rising 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $8.60 and $10.64. A break-up above any of these levels will issue buy signals.
ESBA Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
ESBA Support & Resistance
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests finds support from accumulated volume at $8.47.
ESBA Stock Risk
This stock may move much during a 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 $0.61 between high and low, or 7.75%. For the last week, the stock has had a daily average volatility of 7.56%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
7.56 %Average volatility
Very Low Low Medium High Very High
ESBA Stock Evaluation
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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