The Ensign Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for The Ensign Group
(Updated on Jul 02, 2024)
The The Ensign Group stock price gained 1.44% on the last trading day (Tuesday, 2nd Jul 2024), rising from $124.14 to $125.93. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.13% from a day low at $123.64 to a day high of $126.27. The price has risen in 6 of the last 10 days and is up by 3.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 thousand more shares were traded than the day before. In total, 488 thousand shares were bought and sold for approximately $61.51 million.
Given the current short-term trend, the stock is expected to rise 3.01% during the next 3 months and, with a 90% probability hold a price between $121.93 and $129.72 at the end of this 3-month period.
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ENSG Signals & Forecast
Mostly positive signals in the chart today. The The Ensign Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $122.54 and $120.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 8.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, June 13, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 13, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for The Ensign Group stock
The Ensign Group finds support from accumulated volume at $123.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.63 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: $121.45 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 83 days ago.)
Trading Expectations (ENSG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Ensign Group to open at $125.28, and during the day (based on 14 day Average True Range), to move between $123.66 and $128.20, which gives a possible trading interval of +/-$2.27 (+/-1.80%) up or down from last closing price. If The Ensign Group takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $123.69, some $2.24 (1.78%) from the current price of $125.93, our system finds the risk reward attractive.
Is The Ensign Group stock A Buy?
The Ensign Group holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.577 Strong Buy Candidate Unchanged
Predicted Opening Price for The Ensign Group of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $125.28 ( 0.519%) | $125.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENSG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 127.91 | 1.57% |
| R2 | 126.90 | 0.772% |
| R1 | 126.28 | 0.279% |
| Price | 125.93 | |
| S1 | 124.27 | -1.32% |
| S2 | 123.65 | -1.81% |
| S3 | 122.65 | -2.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 125.93 | |
| S1 | 123.69 | -1.78% |
| S2 | 121.04 | -3.88% |
| S3 | 116.89 | -7.18% |
ENSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 28, 2024 | Jul 31, 2024 | $0.0600 | 0.0476% |
| 2 | Mar 22, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.0600 | 0.0507% |
| 3 | Dec 15, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.0600 | 0.0530% |
| 4 | Sep 15, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.0600 | 0.0621% |
| 5 | Jun 16, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.0580 | 0.0599% |
FAQ
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