Empire State Realty Trust Inc

ESRT has decisively broken below the 5.43–5.55 support cluster on elevated volume, establishing a bearish medium-term outlook. The former floor now acts as resistance after a failed retest, and the 20-EMA/50-SMA confluence remains overhead. EMAs are sloping down with price trading beneath the 20-EMA and 50-SMA, while a neutral RSI amid extreme overbought context aligns with further downside. We recommend selling now on the rejection at resistance to participate in the continuation toward the next support near $5.00.

• ↑Commercial portfolio 94.9% leased; year-end occupancy reaffirmed at 90–92%
• ↑Signed 382k sq ft of leases, including 250k sq ft new, showing leasing momentum
• ↓Q2 net loss of $(0.15)/sh; core FFO guidance lowered to $0.75–$0.79