ENACT HOLDINGS INC (ACT) Stock Technical Analysis
NASDAQ:ACT - US29249E1091 - Common Stock
38.13 USD
+0.09 (+0.24%)
38.13 USD
0 (0%)
Overall ACT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ACT is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month ACT has a been trading in the 33.94 - 38.87 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, ACT outperforms 58% of them, which is more or less in line with the market.
ACT is part of the Financial Services industry. There are 100 other stocks in this industry, ACT did better than 63% of them.
ACT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.75. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.84
39.14
We found 4 important support areas.
- A support zone ranging from 36.39 to 36.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.17 to 35.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 32.78 to 33.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.75 to 38.75. 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 | UP | POSITIVE | The short term trend for ACT is up. |
| ChartMill Relative Strength | 58.7 | NEUTRAL | ACT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACT is above the rising 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) | 60.64 | NEUTRAL | The RSI value for ACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ACT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.84 | OVERBOUGHT | The high Stochastics value suggests ACT may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for ACT suggests low volalility. |
| Average Directional Index/ADX (14) | 24.18 | NEUTRAL | The ADX value for ACT suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 38.76 | 37.08 | 1.68 (4.33%) | 23.07% |
| An entry @38.76. This is a Buy Stop order right above the resistance zone. | An exit @37.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.68 points, which is 4.33%. | For a 1.00% total portfolio risk, you can invest 23.07% of your capital in this trade. |
- 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.
38.13
+0.09 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.24%
1 Week1.03%
2 Weeks1.09%
1 Month8.14%
3 Month7.71%
6 Month10.91%
12 Month7.26%
2 Year33.04%
3 Year50.12%
5 Year61.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%1.87%
ATR Inc-14.74%
Range Today0.48
ADR(20)0.68
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.7
Mansfield-0.05
10 Day High38.87
10 Day Low37.09
20 Day High38.87
20 Day Low33.94
52 Week High38.87
52 Week Low30.79
CS1 End36.96
CR1 Start38.75
Volume & EV
DER(3)1.51%
DER(5)0.53%
Volume269.70K
Volume Incr-13.8%
Vol(5)243.88K
Vol(50)371.27K