Enstar Group Ltd Deposit Shs Repr Stock Forecast
Green day on Friday for Enstar Group Ltd Deposit Shs Repr stock after gaining 0.706%
(Updated on May 03, 2024)
The Enstar Group Ltd Deposit Shs Repr stock price gained 0.706% on the last trading day (Friday, 3rd May 2024), rising from $25.49 to $25.67. During the last trading day the stock fluctuated 0.547% from a day low at $25.58 to a day high of $25.72. The price has risen in 5 of the last 10 days and is up by 1.34% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 5 thousand shares were bought and sold for approximately $135.23 thousand. 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 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 $25.13 and $26.12 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 $25.47 and $25.52. 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 -0.0779%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Wednesday, May 01, 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 Wednesday, May 01, 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 Monday, April 15, 2024 with a target of $25.32. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Enstar Group Ltd Deposit Shs Repr stock
Enstar Group Ltd Deposit Shs Repr finds support from accumulated volume at $25.50 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 $0.140 between high and low, or 0.547%. For the last week the stock has had daily average volatility of 0.87%
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D to open at $25.66, and during the day (based on 14 day Average True Range), to move between $25.34 and $26.00, which gives a possible trading interval of +/-$0.331 (+/-1.29%) 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 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.77 (0.39%) than the support at $25.50 (0.66%), 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 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: -1.304 Sell Candidate Unchanged
Predicted Opening Price for Enstar Group Limited Deposit Shs Repr 1/1000th Non-Cum Red Pfd Registered Shs Series D of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $25.66 ( 0.0519%) | $25.67 |
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 | 25.80 | 0.493 % | |
| R2 | 25.74 | 0.285 % | ||
| R1 | 25.71 | 0.156 % | ||
| Current price: | 25.67 | |||
| Support | S1 | 25.60 | -0.260 % | |
| S2 | 25.57 | -0.389 % | ||
| S3 | 25.52 | -0.597 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.89 | 0.86 % | |
| R2 | 25.86 | 0.740 % | ||
| R1 | 25.77 | 0.390 % | ||
| Current price | 25.67 | |||
| Support | S1 | 25.50 | -0.662% | |
| S2 | 25.38 | -1.13% | ||
| S3 | 25.05 | -2.42% |
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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