Enstar Group Ltd Deposit Shs Repr Stock Forecast
Enstar Group Ltd Deposit Shs Repr stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Enstar Group Ltd Deposit Shs Repr stock price fell by -0.350% on the last day (Wednesday, 24th Apr 2024) from $25.69 to $25.60. During the last trading day the stock fluctuated 1.38% from a day low at $25.42 to a day high of $25.77. The price has risen in 6 of the last 10 days and is up by 0.91% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $437.45 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 Deposit Shs Repr stock with a 90% probability to be traded between $25.08 and $26.05 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.
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ESGRP Signals & Forecast
The Enstar Group Ltd Deposit Shs Repr stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.40 and $25.54. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, April 23, 2024, and so far it has fallen -0.350%. Further fall is indicated until a new bottom pivot has been found. Enstar Group Ltd Deposit 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". The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-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
The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-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.
A buy signal from a double bottom formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should go up by 1.65% to $26.02 within 30 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Enstar Group Ltd Deposit Shs Repr stock
Enstar Group Ltd Deposit Shs Repr finds support from accumulated volume at $25.44 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 $0.350 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESGRP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D to open at $25.60, and during the day (based on 14 day Average True Range), to move between $25.23 and $25.97, which gives a possible trading interval of +/-$0.369 (+/-1.44%) up or down from last closing price. If Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.44 (0.63%) than the resistance at $25.77 (0.66%), 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 Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D stock A Buy?
Enstar Group Ltd Deposit 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.833 Sell Candidate Downgraded
Predicted Opening Price for Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $25.60 ( 0.0129%) | $25.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESGRP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.95 | 1.35 % | |
| R2 | 25.81 | 0.83 % | ||
| R1 | 25.73 | 0.509 % | ||
| Current price: | 25.60 | |||
| Support | S1 | 25.46 | -0.535 % | |
| S2 | 25.38 | -0.86 % | ||
| S3 | 25.25 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.89 | 1.13 % | |
| R2 | 25.86 | 1.02 % | ||
| R1 | 25.77 | 0.664 % | ||
| Current price | 25.60 | |||
| Support | S1 | 25.44 | -0.625% | |
| S2 | 25.38 | -0.86% | ||
| S3 | 25.05 | -2.15% |
ESGRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.438 | 1.71% |
| 2 | Nov 03, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.438 | 1.75% |
| 3 | Aug 04, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.438 | 1.86% |
| 4 | May 05, 2023 | May 12, 2023 | Jun 01, 2023 | $0.438 | 2.00% |
| 5 | Feb 03, 2023 | Feb 14, 2023 | Mar 01, 2023 | $0.438 | 1.85% |
FAQ
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