ENACT HOLDINGS INC (ACT) Technical Analysis
NASDAQ:ACT • US29249E1091
Current stock price
ACT Technical Rating and Analysis
Overall ACT gets a technical rating of 7 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 one of the better performing stocks in the Financial Services industry, it outperforms 71% 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 compared to the yearly performance of all other stocks, ACT outperforms 61% of them, which is more or less in line with the market.
- In the last month ACT has a been trading in the 39.80 - 43.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACT Weekly and Daily overview Charts
ACT Setup Rating and Analysis
Although ACT has an excellent technical rating, the quality of the presented setup is not ideal 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
ACT Support and Resistance Analysis
34.05
We found 5 important support areas.
- A support zone ranging from 40.16 to 41.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.23 to 39.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.33 from a trend line in the weekly time frame.
- Support @36.90 from a horizontal line in the daily time frame.
- A support zone ranging from 34.39 to 34.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @42.57 from a horizontal line in the daily time frame.
- Resistance @44.20 from a horizontal line in the daily time frame.
ACT Technical Indicator Signal Analysis
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 | 61.77 | 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) | 55.66 | NEUTRAL | The RSI value for ACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ACT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.46 | NEUTRAL | The Stochastics value for ACT is a neutral value. |
| 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) | 15.68 | NEGATIVE | The low ADX value for ACT suggests a weak or negative trend. |
ACT Chart- and CandleStick Pattern Analysis
ACT Example Setup
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 |
|---|---|---|---|
| 42.58 | 40.37 | 2.21 (5.19%) | 19.27% |
| An entry @42.58. This is a Buy Stop order right above the resistance zone. | An exit @40.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.21 points, which is 5.19%. | When investing 19.27% 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.
ACT Technicals: Chart, Performance Metrics, Trend & Indicators
41.96
-0.04 (-0.1%)
ENACT HOLDINGS INC / ACT TA FAQ
Can you provide the ChartMill technical rating for ENACT HOLDINGS INC?
ChartMill assigns a technical rating of 7 / 10 to ACT.
What is the trend direction for ACT stock?
The current trend direction for ENACT HOLDINGS INC (ACT) is Bullish.
What is the RSI signal for ACT stock?
ENACT HOLDINGS INC (ACT) has an RSI value of 55.6593. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENACT HOLDINGS INC?
The MACD indicator for ENACT HOLDINGS INC (ACT) has a value of 0.13656, indicating a bearish trend.
Can you provide the support and resistance levels for ENACT HOLDINGS INC?
ENACT HOLDINGS INC (ACT) has a support level at 41.85 and a resistance level at 42.57. Check the full technical report for our detailed analysis of ACT support and resistance levels.