ESSENT GROUP LTD (ESNT) Stock Technical Analysis
NYSE:ESNT - BMG3198U1027 - Common Stock
62.74 USD
-0.17 (-0.27%)
62.74 USD
0 (0%)
We assign a technical rating of 8 out of 10 to ESNT. Although ESNT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ESNT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESNT is lagging the market slightly.
ESNT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, ESNT outperforms 45% of them, which is more or less in line with the market.
ESNT is an average performer in the Financial Services industry, it outperforms 55% of 102 stocks in the same industry.
Besides having an excellent technical rating, ESNT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 64.30. Right above this resistance zone may be a good entry point.
More info and screens
52.20
65.55
4 important support areas can be observed.
- Support @58.12 from a horizontal line in the daily time frame.
- A support zone ranging from 56.86 to 56.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.47 to 55.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.73 to 53.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.30 to 64.90. 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 | 45.08 | NEUTRAL | ESNT is not amongst the best or worst performers 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) | 60.69 | NEUTRAL | The RSI value for ESNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ESNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.43 | NEUTRAL | The Stochastics value for ESNT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for ESNT suggests low volalility. |
| Average Directional Index/ADX (14) | 31.93 | POSITIVE | The high ADX value value for ESNT suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.03 | 61.32 | 2.71 (4.23%) | 23.63% |
| An entry @64.03. This is a Buy Stop order right above the 10 day high. | An exit @61.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.71 points, which is 4.23%. | For a 1.00% total portfolio risk, you can invest 23.63% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
62.74
-0.17 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.27%
1 Week-1.82%
2 Weeks1.42%
1 Month11.01%
3 Month8.17%
6 Month8.89%
12 Month-2.41%
2 Year24.93%
3 Year56.89%
5 Year75.74%
10 Year134.19%
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%1.79%
ATR Inc-26.65%
Range Today0.63
ADR(20)1.08
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.08
Mansfield-0.15
10 Day High64.02
10 Day Low61.33
20 Day High64.02
20 Day Low56.35
52 Week High65.33
52 Week Low51.61
CS1 End58.12
CR1 Start64.3
Volume & EV
DER(3)-2.75%
DER(5)-3.18%
Volume439.40K
Volume Incr-35.71%
Vol(5)449.46K
Vol(50)727.99K