Is Essex Property Trust, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Essex Property Trust, Inc. has changed from bearish to mildly bearish. The weekly MACD is bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The Bollinger Bands also reflect a mildly bearish stance on the weekly chart and a bearish outlook on the monthly chart. Daily moving averages are mildly bearish, and the KST shows bearish on the weekly and mildly bearish on the monthly. Dow Theory presents a mixed view with a mildly bearish weekly signal and a mildly bullish monthly signal. However, the On-Balance Volume (OBV) is mildly bullish on both weekly and monthly time frames.
In terms of performance, Essex Property Trust has underperformed the S&P 500 across multiple periods, with a year-to-date return of -7.28% compared to the S&P 500's 15.47%, and a one-year return of -12.29% versus 16.90%. Overall, the current technical stance is mildly bearish, indicating weakness in the stock's performance relative to the broader market.