pool adsEssex Property $ESS Trading Report
The Essex Property (NYSE: ESS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for ESS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | 0 | 0 | 308.99 |
| P2 | 324.89 | 325.59 | 321.69 |
| P3 | 330.25 | 332.37 | 333.24 |
Support and Resistance Plot Chart for ESS
Long Term Trading Plans for ESS
October 17, 2019, 10:15 am ET
The Technical Summary and Trading Plans for ESS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ESS Report.
ESS - (Long) Support Plan
The technical summary data tells us to buy ESS near 321.69 with an upside target of 333.24. This data also tells us to set a stop loss @ 321.43 to protect against excessive loss in case the stock begins to move against the trade. 321.69 is the first level of support below 329.94 , and by rule, any test of support is a buy signal. In this case, support 321.69 is being tested, a buy signal would exist.
ESS - (Short) Resistance Plan
The technical summary data is suggesting a short of ESS as it gets near 333.24 with a downside target of 321.69. We should have a stop loss in place at 333.5 though. 333.24 is the first level of resistance above 329.94, and by rule, any test of resistance is a short signal. In this case, if resistance 333.24 is being tested, a short signal would exist.
