Company: Essex Property Trust
Ticker: ESS
Exchange:NYSE
Sector: Real Estate
Introduction:
In our latest technical examination, we focus on Essex Property Trust, a significant player in the real estate sector. The daily chart brings to light a possible bullish reversal pattern, specifically a double bottom, which has been in development over the last 279...
The PEAD projected a Bearish outlook for $ESS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
ESS has formed an ascending channel with consistent bottoms along the middle dotted line
Right now price is looking to retest this line as it did in the prior grey circle, this is also within an ascending wedge formation
I expect breakouts to the upside to be similar as indicated by green arrows
ESS among other reits have been recently flagging, looking as if the next leg might be higher, if not at least there are clear levels of support if this could be a short term top
Back at tradingview after few years!
Currently looking at Essex Property Trust, which is a real estate firm. Good dividend stock, stable earnings per share, large payout ratio, more than 12 years of consecutive dividend increases.
Fundamentals are not looking too bad for 2021, with the potential rebound of the US economy. Has been putting up a lot of debt, not...
290/280 September 20th Exp Price was 3.32 max gain is 6.68
Short spread the chart looked nice and rsi looked like it was weakening, OBV isn't the best however its possible REIT companies may get overreaction in earnings and sell off.
We'll have to wait and see.
Max loss is $1.8 Max gain will be 5.4
Low-Medium Risk, High reward.
$2 Stop Loss above the Line Come At Me.
Wait for something like Pin Bar, Bearish Engulfing, Island Reversal to short.
Short is a cool business but also hard to enter at a right time.
This stock is in a pull back of a triangle ascending breached. Reached the ascending moving average. With the RSI 2 periods in oversold area. Made a long inferior shadow piercing the support area. A start buy above the last maximun price , with our stop beneath the last minimum.
