ENACT HOLDINGS INC (ACT) Stock Technical Analysis
NASDAQ:ACT - Nasdaq - US29249E1091 - Common Stock - Currency: USD
Taking everything into account, ACT scores 5 out of 10 in our technical rating. In the last year, ACT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 48% of all stocks.
ACT is an average performer in the Financial Services industry, it outperforms 64% of 101 stocks in the same industry.
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 33.94 - 37.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACT has an average technical rating and it also does not offer a high quality setup 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 35.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.90 from a trend line in the weekly time frame.
- A support zone ranging from 32.63 to 32.94. 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 one important area.
- 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 | 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 | 48.12 | NEUTRAL | ACT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ACT is above 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) | DOWN | MIXED | The current price of ACT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.52 | NEUTRAL | The RSI value for ACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ACT has a positive trend. |
| Stochastics (14,3) | 83.02 | OVERBOUGHT | The high Stochastics value suggests ACT may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for ACT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.91 | 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)
35.9
+0.54 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.53%
1 Week1.82%
2 Weeks1.53%
1 Month-3.47%
3 Month-0.64%
6 Month5.87%
12 Month7.94%
2 Year25.26%
3 Year41.34%
5 Year52.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.93%
ATR Inc-23.43%
Range Today0.58
ADR(20)0.68
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.12
Mansfield-0.4
10 Day High35.96
10 Day Low33.94
20 Day High37.45
20 Day Low33.94
52 Week High37.97
52 Week Low30.79
CS1 End35.63
CR1 Start37.32
Volume & EV
DER(3)1.02%
DER(5)-0.37%
Volume313.00K
Volume Incr6.51%
Vol(5)359.02K
Vol(50)416.22K