Enstar Group Ltd Deposit Shs Repr Stock Forecast
Weaker technical forecast for Enstar Group Ltd Deposit Shs Repr as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Enstar Group Ltd Deposit Shs Repr stock price fell by -0.477% on the last day (Tuesday, 2nd Jul 2024) from $25.14 to $25.02. During the last trading day the stock fluctuated 0.739% from a day low at $25.01 to a day high of $25.19. The price has risen in 7 of the last 10 days and is up by 1.58% 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 -4 thousand shares and in total, 16 thousand shares were bought and sold for approximately $388.44 thousand.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.56% during the next 3 months and, with a 90% probability hold a price between $23.81 and $24.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ESGRP Signals & Forecast
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. The Enstar Group Ltd Deposit Shs Repr stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.06 and $25.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.635%. Further fall is indicated until a new bottom pivot has been found. 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 Deposit Shs Repr stock
Enstar Group Ltd Deposit Shs Repr finds support from accumulated volume at $24.74 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 $0.185 between high and low, or 0.739%. For the last week the stock has had daily average volatility of 0.684%
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D to open at $25.07, and during the day (based on 14 day Average True Range), to move between $24.80 and $25.24, which gives a possible trading interval of +/-$0.215 (+/-0.86%) 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 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.03 (0.04%) than the support at $24.74 (1.12%), 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 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 is within a narrow and falling trend, so we believe 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: -4.606 Sell Candidate Downgraded
Predicted Opening Price for Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $25.07 ( 0.220%) | $25.02 |
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 | |
|---|---|---|
| R3 | 25.26 | 0.96% |
| R2 | 25.19 | 0.676% |
| R1 | 25.15 | 0.502% |
| Price | 25.02 | |
| S1 | 25.00 | -0.0626% |
| S2 | 24.96 | -0.237% |
| S3 | 24.89 | -0.519% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.37 | 1.40% |
| R2 | 25.09 | 0.280% |
| R1 | 25.03 | 0.0400% |
| Price | 25.02 | |
| S1 | 24.74 | -1.12% |
| S2 | 24.71 | -1.24% |
| S3 | 24.63 | -1.56% |
ESGRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 14, 2024 | Jun 03, 2024 | $0.438 | 1.73% |
| 2 | Feb 05, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.438 | 1.71% |
| 3 | Nov 03, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.438 | 1.75% |
| 4 | Aug 04, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.438 | 1.86% |
| 5 | May 05, 2023 | May 12, 2023 | Jun 01, 2023 | $0.438 | 2.00% |
FAQ
Click here for our free guide on how to buy Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D Stock.
