Enstar Group Ltd Depositary Shs Repr Stock Forecast

Enstar Group Ltd Depositary Shs Repr stock price down 0.459% on Thursday
(Updated on Apr 18, 2024)

ESGRO Signals & Forecast

There are mixed signals in the stock today. The Enstar Group Ltd Depositary Shs Repr stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $24.69. On a fall, the stock will find some support from the short-term average at $23.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Enstar Group Ltd Depositary Shs Repr gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.80%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Enstar Group Ltd Depositary Shs Repr stock

Enstar Group Ltd Depositary Shs Repr finds support from accumulated volume at $23.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.200 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 0.93%.

Enstar Group Ltd Depositary Shs Repr is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ESGRO) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E to open at $23.87, and during the day (based on 14 day Average True Range), to move between $23.59 and $24.07, which gives a possible trading interval of +/-$0.237 (+/-1.00%) up or down from last closing price. If Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.79 (0.17%) than the resistance at $23.99 (0.67%), 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 Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E stock A Buy?

Enstar Group Ltd Depositary Shs Repr holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.976 Sell Candidate Unchanged

Predicted Opening Price for Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.