ESSENT GROUP LTD (ESNT)
BMG3198U1027 - Common Stock
We assign a technical rating of 3 out of 10 to ESNT. ESNT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ESNT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that ESNT is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ESNT is an average performer in the Financial Services industry, it outperforms 64% of 102 stocks in the same industry.
ESNT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ESNT is lagging the market slightly.
Although the technical rating is bad, ESNT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 53.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.87, a Stop Loss order could be placed below this zone.
More info and screens
47.97
60.12
We found 2 important support areas.
- A support zone ranging from 52.50 to 52.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.45 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 53.64 to 54.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 59.52 to 59.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.63
Mansfield-0.2
10 Day High54.44
10 Day Low52.42
20 Day High58.88
20 Day Low52.31
52 Week High59.9
52 Week Low42.46
Performance
1 Week-1.07%
2 Weeks2.41%
1 Month-7.89%
3 Month-2.05%
6 Month9.23%
12 Month25.74%
2 Year25.24%
3 Year12.02%
5 Year14.14%
10 Year168.62%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)43.49
LBB52.32
UBB54.59
ESSENT GROUP LTD
NYSE:ESNT (5/1/2024, 7:04:00 PM)
After market: 53.59 0 (0%)53.59
+0.62 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.17%
1 Week-1.07%
2 Weeks2.41%
1 Month-7.89%
3 Month-2.05%
6 Month9.23%
12 Month25.74%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.86
ATR(20)%1.87%
ATR Inc
Range Today0.9
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High54.44
10 Day Low52.42
20 Day High58.88
20 Day Low52.31
52 Week High59.9
52 Week Low42.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.07M
Volume Incr28.56%
Vol(5)584.84K
Vol(50)514.69K