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Essex Property Trust, Inc.Essex Property Trust, Inc.Essex Property Trust, Inc.

Essex Property Trust, Inc.

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Fib extension and Property cycle 18.6 year going to tell us? Whilst dreaming of Caribbean beaches and beach huts drinking my tea flipping through chart books I came across this and thought to myself to let a few people know in the world one scenario. Does the 18.6 property cycle apply here - go read up on this its a thing! Can you use fib extensions to predict the top of the real estate market on individual instruments If you look at the yield on the 10 year US interest rate chart that to me looks like we are going to increase, so hence interest rates environment of increased rates now. Which supports this view too please see other posts too Disclaimer: Any new friends living on cats in the Caribbean or have lovely beach huts / houses there that want to hang out and chat about charts are most welcome to reach out
NYSE:ESSShort
by William_Playfair
Property a good time to sell out? 18.6 yr cycle There is an 18.6 yr cycle in property and maybe its topping out If so its bearish on property in USA This one has broken its long term trend line and is making kind of a reversal pattern at the top or its continuation pattern if the bull has further to run, either case I think we can get a 15% pull back lower here atm. Which still supports forming a chart pattern of a triangle wedge If you are bearish and prices have topped or are wobbling - Using KLOS/R on the way down could provide target zones to get out or buy back in depending on the bear and rate of decent. Assuming bear approach it will fall quick. Over a long time prices tend to go back up so unless this is a super bear you will be ok and it will be a nice place to buy loads of properties again at the bottom. Can the price chart tell us any clues for the bottom of the real estate market? Can the price chart tell us any clues about the top of the real estate market? Time will tell,
NYSE:ESSShort
by William_Playfair
1
Essex Property Trust DCA - Double bottom 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 days. Double Bottom Pattern: A double bottom is a classic technical analysis pattern that suggests a potential reversal from a preceding downward trend. It is characterized by two distinct troughs at roughly the same price level, with a peak in between – visually resembling the letter 'W'. Analysis: Essex Property Trust's prior trajectory was bearish, marked distinctly by the blue diagonal resistance line. However, the formation of the double bottom pattern suggests a potential shift in this trend. The horizontal resistance, or the "neckline" of the double bottom, is identified at 240.88$. Currently, the stock's price is not only above the 200 EMA, indicating a bullish ambiance, but it has also surpassed the horizontal resistance. This breach makes the case for a bullish entry more compelling. Based on the depth of the pattern, our projection for the price target stands at 286.23, translating to an approximate upside of 18.81%. Conclusion: Essex Property Trust's daily chart paints a promising bullish picture, signaled by the double bottom formation and the breach of key resistance levels. A favorable trading opportunity seems to be on the horizon, provided other market conditions remain supportive. ------------------------------------------------------------------------------------------------------------------------- As always, ensure that this analysis integrates seamlessly into your comprehensive market research and risk assessment practices. It should not be misconstrued as direct trading advice. If you found value in this analysis, please consider sharing and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This technical analysis is intended for educational purposes and does not constitute financial advice. Always conduct thorough research and seek advice from a financial consultant before making any investment decisions.
NYSE:ESSLong
by KarimSubhieh
2
ESSEX PROPERTY TRUST BUYBack 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 necessarily a bad thing for real estate companies. In the current low-interest environment, I rather see them putting up with more debt in order to purchase/expand to more buildings. Technically, there is divergence on RSI, the upward gap is filled. To me seems like a reasonably good price to get in.
NYSE:ESSLong
by chrisvos
1