ESSENT GROUP LTD (ESNT) Technical Analysis
NYSE:ESNT • BMG3198U1027
Current stock price
ESNT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ESNT. ESNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 65% of all other stocks performed better in the past year than ESNT.
- In the last month ESNT has a been trading in the 56.72 - 63.80 range, which is quite wide. It is currently trading near the lows of this range.
- ESNT is an average performer in the Financial Services industry, it outperforms 60% of 98 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.
ESNT Weekly and Daily overview Charts
ESNT Setup Rating and Analysis
ESNT has a poor technical rating and the quality of the setup is also only medium 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
ESNT Support and Resistance Analysis
52.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.10 to 57.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 58.51 to 59.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.30 to 61.90. 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.
ESNT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ESNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESNT is down. |
| ChartMill Relative Strength | 35.41 | NEUTRAL | ESNT is not amongst the best or worst performers 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) | 36.94 | NEUTRAL | The RSI value for ESNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ESNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18 | OVERSOLD | The low Stochastics value suggests ESNT may be oversold. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for ESNT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.21 | POSITIVE | The high ADX value value for ESNT suggests a strong trend. |
ESNT Chart- and CandleStick Pattern Analysis
ESNT Technicals: Chart, Performance Metrics, Trend & Indicators
58.09
+0.4 (+0.69%)
ESSENT GROUP LTD / ESNT TA FAQ
What is the ChartMill technical rating of ESSENT GROUP LTD (ESNT) stock?
ChartMill assigns a technical rating of 0 / 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 36.9369. This indicates that the stock is currently neutral.
What is the buy/sell signal for ESSENT GROUP LTD (ESNT) stock?
The buy/sell signal for ESSENT GROUP LTD (ESNT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ESSENT GROUP LTD?
ESSENT GROUP LTD (ESNT) has a support level at 57.8 and a resistance level at 58.51. Check the full technical report for our detailed analysis of ESNT support and resistance levels.