ENACT HOLDINGS INC (ACT) Technical Analysis
NASDAQ:ACT • US29249E1091
Overall ACT gets a technical rating of 8 out of 10. In the last year, ACT was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month ACT has a been trading in the 40.59 - 44.80 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ACT is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, ACT also shows a nice and consistent pattern of rising prices.
- ACT is part of the Financial Services industry. There are 97 other stocks in this industry. ACT outperforms 87% of them.
- ACT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACT is lagging the market slightly.
Besides having an excellent technical rating, ACT also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 40.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
34.27
6 important support areas can be observed.
- A support zone ranging from 39.87 to 40.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.23 from a horizontal line in the daily time frame.
- A support zone ranging from 37.67 to 37.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.90 from a horizontal line in the daily time frame.
- Support @35.38 from a horizontal line in the weekly time frame.
- Support @34.62 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @44.20 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ACT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACT is neutral. |
| ChartMill Relative Strength | 75.72 | POSITIVE | ACT has a high relative strength, it outperformed 75.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.17 | NEUTRAL | The RSI value for ACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ACT has a negative trend. |
| Stochastics (14,3) | 36.5 | NEUTRAL | The Stochastics value for ACT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ACT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.51 | NEGATIVE | The low ADX value for ACT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.81 | 40.58 | 2.23 (5.20%) | 19.23% |
| An entry @42.81. This is a Buy Stop order right above the 10 day high. | An exit @40.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.23 points, which is 5.20%. | When investing 19.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ACT Technicals: Chart, Performance Metrics, Trend & Indicators
41.41
-0.92 (-2.17%)
ENACT HOLDINGS INC / ACT FAQ
Can you provide the ChartMill technical rating for ENACT HOLDINGS INC?
ChartMill assigns a technical rating of 8 / 10 to ACT.
What is the trend direction for ACT stock?
The current trend direction for ENACT HOLDINGS INC (ACT) is Bullish.
Can you provide the RSI signal for ENACT HOLDINGS INC?
ENACT HOLDINGS INC (ACT) has an RSI value of 48.1689. This indicates that the stock is currently neutral.
What is the MACD signal for ACT stock?
The MACD indicator for ENACT HOLDINGS INC (ACT) has a value of -0.166928, indicating a bearish trend.
Can you provide the short term momentum for ENACT HOLDINGS INC?
The short term momentum for ENACT HOLDINGS INC (ACT) is neutral.