ESSENT GROUP LTD (ESNT) Stock Technical Analysis
NYSE:ESNT • BMG3198U1027
We assign a technical rating of 2 out of 10 to ESNT. ESNT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ESNT has a been trading in the 60.37 - 66.36 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, ESNT outperforms 47% of them, which is more or less in line with the market.
- ESNT is an average performer in the Financial Services industry, it outperforms 69% of 97 stocks in the same industry.
- 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.
- Volume is considerably higher in the last couple of days.
The technical rating of ESNT is bad and it also does not present a 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.
More info and screens
52.19
3 important support areas can be observed.
- A support zone ranging from 58.26 to 60.17. 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.
- A support zone ranging from 52.72 to 53.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 61.67 to 63.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.28 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 | 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 | 47.2 | 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) | DOWN | NEGATIVE | The current price of ESNT is below a declining 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) | 42.1 | NEUTRAL | The RSI value for ESNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ESNT has a negative trend. |
| Stochastics (14,3) | 20.87 | NEUTRAL | The Stochastics value for ESNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for ESNT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.72 | NEGATIVE | The low ADX value for ESNT suggests a weak or negative trend. |
61.25
-0.94 (-1.51%)
ESSENT GROUP LTD / ESNT FAQ
What is the ChartMill technical rating of ESSENT GROUP LTD (ESNT) stock?
ChartMill assigns a technical rating of 2 / 10 to ESNT.
Can you provide the trend direction for ESSENT GROUP LTD?
The current trend direction for ESSENT GROUP LTD (ESNT) is Bearish.
What is the RSI signal for ESNT stock?
ESSENT GROUP LTD (ESNT) has an RSI value of 42.1018. 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 60.17 and a resistance level at 61.67. Check the full technical report for our detailed analysis of ESNT support and resistance levels.