ESBA Forecast and Technical Stock Analysis
Sell candidate since 2020-01-24 PDF
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests fell by -1.06% in the last day ( Friday, 24th Jan 2020 ) from $14.19 to $14.04 During the day the stock fluctuated 1.07% from a day low at $14.02 to a day high of $14.17. The price has risen in 5 of the last 10 days and is up by 1.67% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -9 611 shares and in total 16 134 shares bought and sold for approximately $226 521.00.
- 30 day high of the ESBA stock price was $14.20 and low was $13.52.
- 90 day high was $14.73 and low was $13.03.
- 52 week high for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests - $16.04 and low - $12.25.
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests 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 $14.18 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 -4.27% during the next 3 months and, with 90% probability hold a price between $12.64 and $13.57 at the end of this period.
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests holds buy signals from both short- and long-term moving averages. In addition, 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 $14.00 and $13.84. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday January 23, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 59 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.
Support & Resistance
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests finds support from accumulated volume at $13.92.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.85 %Average volatility
Very Low Low Medium High Very High
Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Sell Candidate candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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