Endurance Specialty Holdings Ltd Fund Forecast
Endurance Specialty Holdings Ltd fund price ended at $92.98 on Friday, after losing 0%.
(Updated on May 12, 2017)
No changes to the price of Endurance Specialty Holdings Ltd fund on the last trading day (Friday, 12th May 2017). During the last trading day the fund fluctuated 0% from a day low at $92.98 to a day high of $92.98. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund 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 Endurance Specialty Holdings Ltd fund with a 90% probability to be traded between $93.01 and $93.33 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds 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.
ENH Signals & Forecast
The Endurance Specialty Holdings Ltd fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $92.98 and $92.92. 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 Monday, March 27, 2017, and so far it has fallen -0.0108%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Endurance Specialty Holdings Ltd fund
Endurance Specialty Holdings Ltd finds support from accumulated volume at $92.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $89.58 (-3.66%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ENH) For The Upcoming Trading Day Of Monday 15th
For the upcoming trading day on Monday, 15th we expect Endurance Specialty Holdings Ltd to open at $92.98, and during the day (based on 14 day Average True Range), to move between $92.93 and $93.03, which gives a possible trading interval of +/-$0.0473 (+/-0.05%) up or down from last closing price. If Endurance Specialty Holdings Ltd takes out the full calculated possible swing range there will be an estimated 0.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $92.99 (0.01%) than the support at $92.97 (0.01%), 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 Endurance Specialty Holdings Ltd fund 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 Endurance Specialty Holdings Ltd fund to perform well in the short-term period.
Current score: 2.366 Buy Candidate Unchanged
Predicted Opening Price for Endurance Specialty Holdings Ltd of Monday, May 15, 2017
| Fair opening price May 15, 2017 | Current price |
|---|---|
| $92.98 ( 0%) | $92.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.98 | . | |
| R2 | 92.98 | . | ||
| R1 | 92.98 | . | ||
| Current price: | 92.98 | |||
| Support | S1 | 92.98 | . | |
| S2 | 92.98 | . | ||
| S3 | 92.98 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.04 | 0.0645 % | |
| R2 | 93.03 | 0.0538 % | ||
| R1 | 92.99 | 0.0108 % | ||
| Current price | 92.98 | |||
| Support | S1 | 92.97 | -0.0108% | |
| S2 | 92.90 | -0.0860% | ||
| S3 | 92.75 | -0.247% |
FAQ
Click here for our free guide on how to buy Endurance Specialty Holdings Ltd Fund.
