ESSENT GROUP LTD (ESNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESNT - BMG3198U1027 - Common Stock
Overall ESNT gets a technical rating of 7 out of 10. Although ESNT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ESNT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 63.49, a Stop Loss order could be placed below this zone.
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52.93
7 important support areas can be observed.
- A support zone ranging from 63.00 to 63.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.90 from a horizontal line in the daily time frame.
- Support @60.72 from a trend line in the daily time frame.
- Support @58.80 from a horizontal line in the daily time frame.
- A support zone ranging from 57.10 to 57.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.86 to 55.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.46 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.94 to 66.82. 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 ESNT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESNT is neutral. |
| ChartMill Relative Strength | 68.57 | NEUTRAL | ESNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ESNT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.14 | NEUTRAL | The RSI value for ESNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ESNT has a negative trend. |
| Stochastics (14,3) | 23.48 | NEUTRAL | The Stochastics value for ESNT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for ESNT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.76 | NEUTRAL | The ADX value for ESNT suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 64.95 | 63.38 | 1.57 (2.42%) | 25.00% |
| An entry @64.95. This is a Buy Stop order right above the 10 day moving average. | An exit @63.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.57 points, which is 2.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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.
64.12
-0.55 (-0.85%)
ESSENT GROUP LTD / ESNT FAQ
What is the ChartMill technical rating of ESSENT GROUP LTD (ESNT) stock?
ChartMill assigns a technical rating of 7 / 10 to ESNT.
Can you provide the trend direction for ESSENT GROUP LTD?
The current trend direction for ESSENT GROUP LTD (ESNT) is Bullish.
What is the RSI signal for ESNT stock?
ESSENT GROUP LTD (ESNT) has an RSI value of 48.1393. This indicates that the stock is currently neutral.
What are the support and resistance levels for ESSENT GROUP LTD (ESNT) stock?
ESSENT GROUP LTD (ESNT) has a support level at 63.49 and a resistance level at 64.94. Check the full technical report for our detailed analysis of ESNT support and resistance levels.