ENACT HOLDINGS INC (ACT) Stock Technical Analysis
NASDAQ:ACT - Nasdaq - US29249E1091 - Common Stock - Currency: USD
Overall ACT gets a technical rating of 0 out of 10. ACT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ACT is a bad performer in the overall market: 64% of all stocks are doing better.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ACT is part of the Financial Services industry. There are 101 other stocks in this industry, ACT did better than 53% 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.
In the last month ACT has a been trading in the 34.25 - 37.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ACT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 35.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.11, a Stop Loss order could be placed below this zone.
More info and screens
30.83
38.19
4 important support areas can be observed.
- A support zone ranging from 34.55 to 35.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.80 from a trend line in the weekly time frame.
- A support zone ranging from 32.58 to 32.87. 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 3 important areas.
- A resistance zone ranging from 35.37 to 35.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 37.81 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 | 36.71 | 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) | 46.56 | NEUTRAL | The RSI value for ACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ACT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.49 | NEUTRAL | The Stochastics value for ACT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for ACT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.69 | 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)
35.26
+0.15 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.43%
1 Week-0.28%
2 Weeks2.53%
1 Month-5.09%
3 Month-5.52%
6 Month4.38%
12 Month6.75%
2 Year29.63%
3 Year53.04%
5 Year49.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%1.94%
ATR Inc-36.99%
Range Today0.37
ADR(20)0.67
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.71
Mansfield-0.69
10 Day High35.66
10 Day Low34.25
20 Day High37.97
20 Day Low34.25
52 Week High37.97
52 Week Low30.79
CS1 End35.11
CR1 Start35.37
Volume & EV
DER(3)1.61%
DER(5)0.84%
Volume348.30K
Volume Incr-29.81%
Vol(5)270.14K
Vol(50)428.34K