Analysis Summary for Essex Property Trust Inc (ESS)
Date of Analysis: January 26th, 2024
Time Target: A 4-year down composite cycles arrives on June 5th, 2024.
Price Target: $150 (+/- $20)
Projected Move: Even though the March low makes geometric sense, there are no time confirmations for that turning point: it may be a short or mid-term bottom. Our time and mathematical calculations suggest that the bottom will arrive at around $150 – most likely around June 5th. Once the bottom is put in place, ESS is expected to surge higher.
The next up-cycle composite is expected to arrive in May of 2025. As the chart below suggests we expect to see $450 (+/- $20) by mid-2025.
