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 ESRT
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Stronger technical forecast for Empire State Realty Trust Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Empire State Realty Trust Inc stock price gained 2.78% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.70 to $9.97. During the last trading day the stock fluctuated 2.96% from a day low at $9.80 to a day high of $10.09. The price has fallen in 5 of the last 10 days but is still up by 1.01% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 713 thousand shares were bought and sold for approximately $7.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $10.13 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Empire State Realty Trust Inc stock with a 90% probability to be traded between $9.19 and $10.01 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.

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ESRT Signals & Forecast

The Empire State Realty Trust Inc 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 $9.86 and $9.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 21, 2024 and based on theory for this formation the price should fall by -7.89% to $9.18 within 19 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Empire State Realty Trust Inc stock

Empire State Realty Trust Inc finds support from accumulated volume at $9.96 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 $0.290 between high and low, or 2.96%. For the last week the stock has had daily average volatility of 2.58%.

Our recommended stop-loss: $9.59 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ESRT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Empire State Realty Trust Inc to open at $9.95, and during the day (based on 14 day Average True Range), to move between $9.71 and $10.23, which gives a possible trading interval of +/-$0.264 (+/-2.65%) up or down from last closing price. If Empire State Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.96 (0.10%) than the resistance at $10.00 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Empire State Realty Trust Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Empire State Realty Trust Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.967 Buy Candidate Upgraded

Predicted Opening Price for Empire State Realty Trust Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$9.95 ( 0.167%) $9.97

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

Trading levels for ESRT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.24 2.74 %
R2 10.13 1.63 %
R1 10.06 0.94 %
Current price: 9.97
Support S1 9.84 -1.28 %
S2 9.77 -1.96 %
S3 9.66 -3.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.15 1.81 %
R2 10.06 0.90 %
R1 10.00 0.301 %
Current price 9.97
Support S1 9.96 -0.100%
S2 9.79 -1.81%
S3 9.63 -3.41%

ESRT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.0350 0.351%
2 Dec 15, 2023 Dec 15, 2023 Dec 15, 2023 $0 0%
3 Aug 08, 2023 Sep 14, 2023 Sep 29, 2023 $0.0400 0.498%
4 May 12, 2023 Jun 14, 2023 Jun 30, 2023 $0.0350 0.467%
5 Mar 03, 2023 Mar 14, 2023 Mar 31, 2023 $0.0350 0.539%

FAQ

What is the symbol for Empire State Realty Trust Inc Stock and on which exchange is it traded?
The symbol for Empire State Realty Trust Inc is ESRT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Empire State Realty Trust Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Empire State Realty Trust Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Empire State Realty Trust Inc Stock?
Empire State Realty Trust Inc 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 Trust Inc Stock.

What's the current price of Empire State Realty Trust Inc Stock?
As of the end of day on the 2024-03-27, the price of an Empire State Realty Trust Inc (ESRT) share was $9.97.

What is the 52-week high and low for Empire State Realty Trust Inc Stock?
The 52-week high for Empire State Realty Trust Inc Stock is $10.32 and the 52-week low is $5.43.

What is the market capitalization of Empire State Realty Trust Inc Stock?
As of the 2024-03-27, the market capitalization of Empire State Realty Trust Inc is 1.582B.

When is the next earnings date for Empire State Realty Trust Inc?
The upcoming earnings date for Empire State Realty Trust Inc is Apr 24, 2024.
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About Empire State Realty Trust Inc

Empire State Realty Trust Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the “World's Most Famous Building.” Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020,... ESRT Profile

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