When the Price of (ESS) Talks, People Listen

February 06, 2024, 10:58 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESS

• Buy ESS slightly over 217.82 target 234.6 stop loss @ 217.19 Details

The technical summary data tells us to buy ESS near 217.82 with an upside target of 234.6. This data also tells us to set a stop loss @ 217.19 to protect against excessive loss in case the stock begins to move against the trade. 217.82 is the first level of support below 232.22 , and by rule, any test of support is a buy signal. In this case, support 217.82 would be being tested, so a buy signal would exist.

• Short ESS slightly under 234.6, target 217.82, stop loss @ 235.28 Details

The technical summary data is suggesting a short of ESS as it gets near 234.6 with a downside target of 217.82. We should have a stop loss in place at 235.28though. 234.6 is the first level of resistance above 232.22, and by rule, any test of resistance is a short signal. In this case, if resistance 234.6 is being tested, so a short signal would exist.

Swing Trading Plans for ESS

• Buy ESS slightly over 234.77, target 251.07, Stop Loss @ 234.09 Details

If 234.77 begins to break higher, the technical summary data tells us to buy ESS just slightly over 234.77, with an upside target of 251.07. The data also tells us to set a stop loss @ 234.09 in case the stock turns against the trade. 234.77 is the first level of resistance above 232.22, and by rule, any break above resistance is a buy signal. In this case, 234.77, 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 234.77, target 229.94, Stop Loss @ 235.45. Details

The technical summary data is suggesting a short of ESS if it tests 234.77 with a downside target of 229.94. We should have a stop loss in place at 235.45 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, 234.77, 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 234.29, target 234.77, Stop Loss @ 233.74 Details

If 234.29 begins to break higher, the technical summary data tells us to buy ESS just slightly over 234.29, with an upside target of 234.77. The data also tells us to set a stop loss @ 233.74 in case the stock turns against the trade. 234.29 is the first level of resistance above 232.22, and by rule, any break above resistance is a buy signal. In this case, 234.29, 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 234.29, target 230.47, Stop Loss @ 234.84. Details

The technical summary data is suggesting a short of ESS if it tests 234.29 with a downside target of 230.47. We should have a stop loss in place at 234.84 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, 234.29, 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 February 06:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	217.82
P2	230.47	229.94	234.6
P3	234.29	234.77	251.07

AI Generated Signals for ESS

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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.