ESSENT GROUP LTD (ESNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESNT - BMG3198U1027 - Common Stock
We assign a technical rating of 10 out of 10 to ESNT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESNT is showing a nice and steady performance.
Although ESNT has an excellent technical rating, it does not offer a high quality setup 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.
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52.93
We found 6 important support areas.
- A support zone ranging from 61.78 to 63.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.18 from a trend line in the daily time frame.
- A support zone ranging from 58.80 to 59.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.10 to 57.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.86 from a horizontal line in the weekly time frame.
- Support @53.46 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.27 to 66.82. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for ESNT is up. |
| ChartMill Relative Strength | 76.28 | POSITIVE | ESNT has a high relative strength, it outperformed 76.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESNT is above 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) | 70.6 | OVERBOUGHT | The high RSI value suggests ESNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests ESNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.35 | OVERBOUGHT | The high Stochastics value suggests ESNT may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for ESNT suggests low volalility. |
| Average Directional Index/ADX (14) | 23.65 | NEUTRAL | The ADX value for ESNT suggests a possible start of a new trend. |
66.26
-0.56 (-0.84%)
ESSENT GROUP LTD / ESNT FAQ
What is the ChartMill technical rating of ESSENT GROUP LTD (ESNT) stock?
ChartMill assigns a technical rating of 10 / 10 to ESNT.
What is the current trend direction of ESSENT GROUP LTD (ESNT) stock?
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 70.5982. This indicates that the stock is currently overbought.
What is the buy/sell signal for ESNT stock?
The buy/sell signal for ESSENT GROUP LTD (ESNT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ESSENT GROUP LTD (ESNT) stock?
ESSENT GROUP LTD (ESNT) has a support level at 63.46 and a resistance level at 66.27. Check the full technical report for our detailed analysis of ESNT support and resistance levels.