ENSIGN GROUP INC/THE (ENSG) Stock Technical Analysis
USA - NASDAQ:ENSG - US29358P1012 - Common Stock
We assign a technical rating of 8 out of 10 to ENSG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ENSG is only an average performer.
Besides having an excellent technical rating, ENSG also presents a decent setup pattern. Prices have been consolidating lately. 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
130.32
4 important support areas can be observed.
- A support zone ranging from 164.28 to 164.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @155.14 from a trend line in the daily time frame.
- Support @150.25 from a trend line in the weekly time frame.
- Support @131.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 184.00 to 186.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 ENSG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENSG is up. |
| ChartMill Relative Strength | 76.86 | POSITIVE | ENSG has a high relative strength, it outperformed 76.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENSG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENSG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENSG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.08 | NEUTRAL | The RSI value for ENSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests ENSG has a negative trend. |
| Stochastics (14,3) | 46.94 | NEUTRAL | The Stochastics value for ENSG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for ENSG suggests low volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for ENSG suggests a possible start of a new trend. |
180.1
-0.21 (-0.12%)
ENSIGN GROUP INC/THE / ENSG FAQ
What is the ChartMill technical rating of ENSIGN GROUP INC/THE (ENSG) stock?
ChartMill assigns a technical rating of 8 / 10 to ENSG.
What is the current trend direction of ENSIGN GROUP INC/THE (ENSG) stock?
The current trend direction for ENSIGN GROUP INC/THE (ENSG) is Bullish.
What is the RSI signal for ENSG stock?
ENSIGN GROUP INC/THE (ENSG) has an RSI value of 53.0822. This indicates that the stock is currently neutral.
What is the short term momentum for ENSIGN GROUP INC/THE (ENSG) stock?
The short term momentum for ENSIGN GROUP INC/THE (ENSG) is positive.
What are the support and resistance levels for ENSIGN GROUP INC/THE (ENSG) stock?
ENSIGN GROUP INC/THE (ENSG) has a support level at 164.28 and a resistance level at 184. Check the full technical report for our detailed analysis of ENSG support and resistance levels.