ENSIGN GROUP INC/THE (ENSG) Technical Analysis
NASDAQ:ENSG • US29358P1012
Current stock price
ENSG Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ENSG. In the last year, ENSG was one of the better performers, but we do observe some doubts in the very recent evolution.
- Looking at the yearly performance, ENSG did better than 84% of all other stocks. We also observe that the gains produced by ENSG over the past year are nicely spread over this period.
- ENSG is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 80% of 100 stocks in the same industry.
- ENSG 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 ENSG is lagging the market slightly.
- In the last month ENSG has a been trading in the 192.47 - 212.12 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ENSG Weekly and Daily overview Charts
ENSG Setup Rating and Analysis
ENSG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 200.27, a Stop Loss order could be placed below this zone.
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ENSG Support and Resistance Analysis
169.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 196.61 to 200.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 182.82 to 185.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 171.65 to 175.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 202.10 to 203.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 214.18 to 215.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENSG 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 ENSG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENSG is down. |
| ChartMill Relative Strength | 84.89 | POSITIVE | ENSG has a high relative strength, it outperformed 84.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENSG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENSG is below 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) | 46.61 | NEUTRAL | The RSI value for ENSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests ENSG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.59 | NEUTRAL | The Stochastics value for ENSG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ENSG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.18 | NEUTRAL | The ADX value for ENSG suggests a possible start of a new trend. |
ENSG Chart- and CandleStick Pattern Analysis
ENSG 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 |
|---|---|---|---|
| 203.60 | 196.60 | 7.00 (3.44%) | 25.00% |
| An entry @203.60. This is a Buy Stop order right above the resistance zone. | An exit @196.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.00 points, which is 3.44%. | For a 0.86% total portfolio risk, you can invest 25.00% 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.
ENSG Technicals: Chart, Performance Metrics, Trend & Indicators
200.3
+1.28 (+0.64%)
ENSIGN GROUP INC/THE / ENSG TA FAQ
What is the ChartMill technical rating of ENSIGN GROUP INC/THE (ENSG) stock?
ChartMill assigns a technical rating of 7 / 10 to ENSG.
What is the trend direction for ENSG stock?
The current trend direction for ENSIGN GROUP INC/THE (ENSG) is Bullish.
What is the RSI signal for ENSIGN GROUP INC/THE (ENSG) stock?
ENSIGN GROUP INC/THE (ENSG) has an RSI value of 46.6064. This indicates that the stock is currently neutral.
What is the short term momentum for ENSG stock?
The short term momentum for ENSIGN GROUP INC/THE (ENSG) is negative.
What is the support and resistance level for ENSG stock?
ENSIGN GROUP INC/THE (ENSG) has a support level at 200.27 and a resistance level at 202.1. Check the full technical report for our detailed analysis of ENSG support and resistance levels.