Enstar Group Limited Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of ESGR
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Stronger technical forecast for Enstar Group Limited stock price after Thursday trading
(Updated on Oct 03, 2024)
Hold candidate since Oct 03, 2024
The Enstar Group Limited stock price gained 0.131% on the last trading day (Thursday, 3rd Oct 2024), rising from $319.78 to $320.20. During the last trading day the stock fluctuated 0.555% from a day low at $319.10 to a day high of $320.87. The price has risen in 6 of the last 10 days but is still down by -0.28% for this period. Volume fell on the last day by -27 thousand shares and in total, 58 thousand shares were bought and sold for approximately $18.64 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $315.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between $306.52 and $330.86 at the end of this 3-month period.
ESGR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, September 06, 2024, and so far it has risen 0.496%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enstar Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $320.80 and $321.61. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Enstar Group Limited stock
Enstar Group Limited finds support from accumulated volume at $320.02 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 $1.77 between high and low, or 0.555%. For the last week the stock has had daily average volatility of 0.542%.
Our recommended stop-loss: $302.43 (-5.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (ESGR) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Enstar Group Limited to open at $320.06, and during the day (based on 14 day Average True Range), to move between $318.02 and $322.38, which gives a possible trading interval of +/-$2.18 (+/-0.68%) up or down from last closing price. If Enstar Group Limited takes out the full calculated possible swing range there will be an estimated 1.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $320.02 (0.06%) than the resistance at $324.40 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enstar Group Limited stock A Buy?
Enstar Group Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score:
0.400
Hold/Accumulate
Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $320.06 ( 0.0448%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for ESGR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 321.83 | 0.508% |
| R2 | 321.15 | 0.297% |
| R1 | 320.73 | 0.166% |
| Price | 320.20 | |
| S1 | 319.38 | -0.256% |
| S2 | 318.96 | -0.386% |
| S3 | 318.29 | -0.598% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 327.17 | 2.18% |
| R2 | 325.00 | 1.50% |
| R1 | 324.40 | 1.31% |
| Price | 320.20 | |
| S1 | 320.02 | -0.0562% |
| S2 | 319.96 | -0.0750% |
| S3 | 318.75 | -0.453% |
ESGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2007 | Jan 31, 2007 | Jan 30, 2007 | $3.00 | 2.89% |
FAQ
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