Londinia Opportunities Analyses - 01/21/2022 (GMT) ESSEX PROPERTY TRUST INC. - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 340.27 USD
My targets
332.54 USD (-1.39%)
315.05 USD (-6.57%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESSEX PROPERTY TRUST INC. as long as the price remains well below 340.27 USD. The sellers' bearish objective is set at 332.54 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 315.05 USD. In case of crossing, the next objective would be the support located at 300.40 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ESSEX PROPERTY TRUST INC. rating is 337.22 USD. The price has increased by +0.43% since the last closing and was traded between 335.89 USD and 339.81 USD over the period. The price is currently at +0.40% from its lowest and -0.76% from its highest.335.89
339.81
337.22
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ESSEX PROPERTY TRUST INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 300.40 | 315.05 | 332.54 | 337.22 | 340.27 | 345.73 | 349.16 |
| Change (%) | -10.92% | -6.57% | -1.39% | - | +0.90% | +2.52% | +3.54% |
| Change | -36.82 | -22.17 | -4.68 | - | +3.05 | +8.51 | +11.94 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 324.85 | 330.31 | 333.05 | 338.51 | 341.25 | 346.71 | 349.45 |
| Camarilla | 333.53 | 334.28 | 335.03 | 335.78 | 336.53 | 337.28 | 338.04 |
| Woodie | 323.48 | 329.63 | 331.68 | 337.83 | 339.88 | 346.03 | 348.08 |
| Fibonacci | 330.31 | 333.45 | 335.38 | 338.51 | 341.65 | 343.58 | 346.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 325.91 | 333.04 | 338.50 | 345.63 | 351.09 | 358.22 | 363.68 |
| Camarilla | 340.50 | 341.65 | 342.81 | 343.96 | 345.11 | 346.27 | 347.42 |
| Woodie | 325.08 | 332.62 | 337.67 | 345.21 | 350.26 | 357.80 | 362.85 |
| Fibonacci | 333.04 | 337.85 | 340.82 | 345.63 | 350.44 | 353.41 | 358.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 304.79 | 315.42 | 333.82 | 344.45 | 362.85 | 373.48 | 391.88 |
| Camarilla | 344.25 | 346.91 | 349.57 | 352.23 | 354.89 | 357.55 | 360.21 |
| Woodie | 308.69 | 317.36 | 337.72 | 346.39 | 366.75 | 375.42 | 395.78 |
| Fibonacci | 315.42 | 326.51 | 333.36 | 344.45 | 355.54 | 362.39 | 373.48 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.08 | |
| MACD (12,26,9): | -1.7500 | |
| Directional Movement: | -15.15 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 338.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 344.23 | |
| Elder Ray (13): | -2.34 | |
| Super Trend (3,10): | 345.65 | |
| Zig ZAG (10): | 337.58 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 21.01 | |
| TEMA (21): | 337.68 | |
| Williams %R (14): | -81.66 | |
| Chande Momentum Oscillator (20): | -5.10 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.83 |
| MA7: | 342.30 | |
| MA20: | 346.29 | |
| MA50: | 344.19 | |
| MA100: | 336.05 | |
| MAexp7: | 338.46 | |
| MAexp20: | 340.62 | |
| MAexp50: | 343.11 | |
| MAexp100: | 344.68 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -2.62% | |
| Price / MA50: | -2.03% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -1.00% | |
| Price / MAexp50: | -1.72% | |
| Price / MAexp100: | -2.16% |
Quotes :
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15 min delayed data
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Actions NYSE
News
The latest news and videos published on ESSEX PROPERTY TRUST INC. at the time of the analysis were as follows:
- Essex Reports Characteristics of 2021 Dividends
- Essex Announces Release and Conference Call Dates for Its Fourth Quarter 2021 Earnings
- Essex Property Trust Recognized in Newsweek’s 2022 List of Most Responsible Companies in America
- Essex Property Trust Declares Quarterly Distributions
- Essex Announces Third Quarter 2021 Results and Increases Full-Year 2021 Guidance