Enstar Group Ltd Depositary Shs Repr Stock Forecast
Enstar Group Ltd Depositary Shs Repr stock price ended at $24.46 on Tuesday, after losing 0.0380%.
(Updated on Jul 02, 2024)
The Enstar Group Ltd Depositary Shs Repr stock price fell by -0.0380% on the last day (Tuesday, 2nd Jul 2024) from $24.47 to $24.46. During the last trading day the stock fluctuated 1.35% from a day low at $24.37 to a day high of $24.70. The price has risen in 6 of the last 10 days and is up by 0.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -932 shares and in total, 6 thousand shares were bought and sold for approximately $141.04 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Enstar Group Ltd Depositary Shs Repr stock with a 90% probability to be traded between $24.30 and $25.44 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ESGRO Signals & Forecast
The Enstar Group Ltd Depositary Shs Repr stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $24.57. On a fall, the stock will find some support from the long-term average at approximately $24.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Enstar Group Ltd Depositary Shs Repr stock
Enstar Group Ltd Depositary Shs Repr finds support from accumulated volume at $24.36 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.330 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 0.591%
Our recommended stop-loss: $23.47 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (ESGRO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E to open at $24.51, and during the day (based on 14 day Average True Range), to move between $24.27 and $24.65, which gives a possible trading interval of +/-$0.187 (+/-0.76%) 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 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.48 (0.08%) than the support at $24.36 (0.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Enstar Group Ltd Depositary Shs Repr stock to perform well in the short-term period.
Current score: 2.271 Buy Candidate Unchanged
Predicted Opening Price for Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$24.51 ( 0.203%) | $24.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESGRO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.84 | 1.55% |
R2 | 24.71 | 1.04% |
R1 | 24.64 | 0.718% |
Price | 24.46 | |
S1 | 24.38 | -0.313% |
S2 | 24.31 | -0.631% |
S3 | 24.18 | -1.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.85 | 1.59% |
R2 | 24.59 | 0.529% |
R1 | 24.48 | 0.0789% |
Price | 24.46 | |
S1 | 24.36 | -0.412% |
S2 | 24.31 | -0.616% |
S3 | 23.99 | -1.92% |
ESGRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 03, 2024 | May 14, 2024 | Jun 03, 2024 | $0.438 | 1.79% |
2 | Feb 05, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.438 | 1.75% |
3 | Nov 03, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.438 | 1.86% |
4 | Aug 04, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.438 | 1.82% |
5 | May 05, 2023 | May 12, 2023 | Jun 01, 2023 | $0.438 | 1.89% |
FAQ
Click here for our free guide on how to buy Enstar Group Ltd Depositary Shs Repr 1/1000th 7 % Non-Cum Red Perp Pfd Rg Series E Stock.