ENACT HOLDINGS INC (ACT) Stock Technical Analysis
NASDAQ:ACT - Nasdaq - US29249E1091 - Common Stock - Currency: USD
Taking everything into account, ACT scores 2 out of 10 in our technical rating. ACT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ACT has a been trading in the 34.25 - 37.97 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, ACT turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
ACT is part of the Financial Services industry. There are 100 other stocks in this industry, ACT did better than 50% of them.
ACT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACT is lagging the market.
Considerably lower volume is observed in the last couple of days.
ACT has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.83
38.19
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.55 to 35.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.71 from a trend line in the weekly time frame.
- A support zone ranging from 32.53 to 32.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.14 to 31.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.37 to 36.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.32 to 37.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ACT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACT is down. |
| ChartMill Relative Strength | 41.76 | NEUTRAL | ACT is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ACT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ACT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.55 | NEUTRAL | The RSI value for ACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ACT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.77 | NEUTRAL | The Stochastics value for ACT is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for ACT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.59 | NEGATIVE | The low ADX value for ACT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.36
+0.39 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.12%
1 Week2.82%
2 Weeks-4.92%
1 Month-5.28%
3 Month1.43%
6 Month6.51%
12 Month2.34%
2 Year30%
3 Year53.47%
5 Year49.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2%
ATR Inc-38.66%
Range Today0.37
ADR(20)0.7
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.76
Mansfield-0.59
10 Day High37.45
10 Day Low34.25
20 Day High37.97
20 Day Low34.25
52 Week High37.97
52 Week Low30.79
CS1 End35.12
CR1 Start35.37
Volume & EV
DER(3)-1.04%
DER(5)-1.75%
Volume255.20K
Volume Incr-45.78%
Vol(5)278.96K
Vol(50)444.84K