When the Price of (ESS) Talks, People Listen

August 09, 2024, 04:18 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESS

• Buy ESS slightly over 271.08 target 288.83 stop loss @ 270.3 Details

The technical summary data tells us to buy ESS near 271.08 with an upside target of 288.83. This data also tells us to set a stop loss @ 270.3 to protect against excessive loss in case the stock begins to move against the trade. 271.08 is the first level of support below 279.29 , and by rule, any test of support is a buy signal. In this case, support 271.08 is being tested, a buy signal would exist.

• Short ESS slightly under 288.83, target 271.08, stop loss @ 289.66 Details

The technical summary data is suggesting a short of ESS as it gets near 288.83 with a downside target of 271.08. We should have a stop loss in place at 289.66though. 288.83 is the first level of resistance above 279.29, and by rule, any test of resistance is a short signal. In this case, if resistance 288.83 is being tested, a short signal would exist.

Swing Trading Plans for ESS

• Buy ESS slightly over 280.9, target 288.83, Stop Loss @ 280.09 Details

If 280.9 begins to break higher, the technical summary data tells us to buy ESS just slightly over 280.9, with an upside target of 288.83. The data also tells us to set a stop loss @ 280.09 in case the stock turns against the trade. 280.9 is the first level of resistance above 279.29, and by rule, any break above resistance is a buy signal. In this case, 280.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ESS slightly near 280.9, target 274.36, Stop Loss @ 281.71. Details

The technical summary data is suggesting a short of ESS if it tests 280.9 with a downside target of 274.36. We should have a stop loss in place at 281.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 280.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ESS

• Buy ESS slightly over 280.9, target 281.71, Stop Loss @ 280.24 Details

If 280.9 begins to break higher, the technical summary data tells us to buy ESS just slightly over 280.9, with an upside target of 281.71. The data also tells us to set a stop loss @ 280.24 in case the stock turns against the trade. 280.9 is the first level of resistance above 279.29, and by rule, any break above resistance is a buy signal. In this case, 280.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ESS slightly near 280.9, target 277.05, Stop Loss @ 281.56. Details

The technical summary data is suggesting a short of ESS if it tests 280.9 with a downside target of 277.05. We should have a stop loss in place at 281.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 280.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Essex Property Trust Inc. (ESS) available here: ESS.

ESS Ratings for August 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	253.55
P2	277.05	274.36	271.08
P3	281.71	280.9	288.83

AI Generated Signals for ESS

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Essex Property Trust Inc. (NYSE: ESS) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ESS can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.