ESSENT GROUP LTD (ESNT) Stock Technical Analysis
NYSE:ESNT - New York Stock Exchange, Inc. - BMG3198U1027 - Common Stock - Currency: USD
Overall ESNT gets a technical rating of 0 out of 10. ESNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
76% of all other stocks performed better in the past year than ESNT.
ESNT is part of the Financial Services industry. There are 100 other stocks in this industry, of which 72% are performing better than ESNT.
In the last month ESNT has a been trading in the 55.80 - 62.02 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ESNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESNT is lagging the market.
The technical rating of ESNT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
52.19
64.94
We found 2 important support areas.
- Support @54.86 from a horizontal line in the weekly time frame.
- A support zone ranging from 52.72 to 53.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @56.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 58.12 to 59.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.91 from a horizontal line in the daily time frame.
- Resistance @64.30 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ESNT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESNT is down. |
| ChartMill Relative Strength | 24.44 | NEGATIVE | ESNT has a low relative strength, it was outperformed by 75.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ESNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.15 | NEUTRAL | The RSI value for ESNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests ESNT has a negative trend. |
| Stochastics (14,3) | 6.89 | OVERSOLD | The low Stochastics value suggests ESNT may be oversold. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ESNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.72 | NEGATIVE | The low ADX value for ESNT 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)
56
-0.77 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.36%
1 Week-9.53%
2 Weeks-7.48%
1 Month-4.31%
3 Month1.95%
6 Month2.79%
12 Month-4.63%
2 Year12.9%
3 Year34.1%
5 Year56.29%
10 Year91.32%
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%2.16%
ATR Inc30.27%
Range Today0.77
ADR(20)1.13
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.44
Mansfield-1.14
10 Day High62.02
10 Day Low55.8
20 Day High62.02
20 Day Low55.8
52 Week High65.33
52 Week Low51.61
CS1 End54.86
CR1 Start56.07
Volume & EV
DER(3)-3.25%
DER(5)-3.36%
Volume1.26M
Volume Incr20.58%
Vol(5)836.42K
Vol(50)652.02K