ENACT HOLDINGS INC (ACT) Stock Technical Analysis
NASDAQ:ACT - Nasdaq - US29249E1091 - Common Stock - Currency: USD
Overall ACT gets a technical rating of 6 out of 10. Although ACT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ACT is one of the better performing stocks in the Financial Services industry, it outperforms 74% of 99 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that ACT is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month ACT has a been trading in the 33.95 - 37.06 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 also the quality of the setup is only medium 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
37.70
4 important support areas can be observed.
- A support zone ranging from 34.53 to 35.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.86 from a horizontal line in the daily time frame.
- Support @33.26 from a trend line in the weekly time frame.
- 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 36.63 to 37.33. 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 | 77.23 | POSITIVE | ACT has a high relative strength, it outperformed 77.23% off all stocks 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) | UP | POSITIVE | The current price of ACT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.26 | 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) | 62.78 | NEUTRAL | The Stochastics value for ACT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ACT suggests low volalility. |
| Average Directional Index/ADX (14) | 11.84 | 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)
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 |
|---|---|---|---|
| 36.41 | 33.94 | 2.47 (6.78%) | 14.74% |
| An entry @36.41. This is a Buy Stop order right above the 10 day high. | An exit @33.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.47 points, which is 6.78%. | When investing 14.74% 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.
35.87
+0.23 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.65%
1 Week4.73%
2 Weeks2.52%
1 Month-2.18%
3 Month6.38%
6 Month9.63%
12 Month17.92%
2 Year42.74%
3 Year66.99%
5 Year49.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.92%
ATR Inc6.02%
Range Today0.66
ADR(20)0.67
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.23
Mansfield-0.05
10 Day High36.4
10 Day Low33.95
20 Day High37.07
20 Day Low33.95
52 Week High37.56
52 Week Low29.99
CS1 End35.32
CR1 Start36.63
Volume & EV
DER(3)-1.31%
DER(5)-1.09%
Volume485.02K
Volume Incr-5.87%
Vol(5)405.46K
Vol(50)604.89K