The Ensign Group Stock Forecast
Red day on Thursday for The Ensign Group stock after losing 0.96%
(Updated on Mar 28, 2024)
The The Ensign Group stock price fell by -0.96% on the last day (Thursday, 28th Mar 2024) from $125.62 to $124.42. During the last trading day the stock fluctuated 2.25% from a day low at $123.98 to a day high of $126.77. The price has risen in 6 of the last 10 days and is up by 2% over the past 2 weeks. Volume has increased on the last day by 158 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, 419 thousand shares were bought and sold for approximately $52.12 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.86% during the next 3 months and, with a 90% probability hold a price between $134.76 and $143.83 at the end of this 3-month period.
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ENSG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -1.25%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The The Ensign Group stock 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 $123.92 and $122.97. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for The Ensign Group stock
The Ensign Group finds support from accumulated volume at $123.70 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 $2.79 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: $120.70 (-2.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (ENSG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The Ensign Group to open at $125.06, and during the day (based on 14 day Average True Range), to move between $122.20 and $126.64, which gives a possible trading interval of +/-$2.22 (+/-1.79%) up or down from last closing price. If The Ensign Group takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $124.75 (0.27%) than the support at $123.70 (0.58%), 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 The Ensign Group stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Ensign Group stock to perform well in the short-term.
Current score: 1.201 Buy Candidate Unchanged
Predicted Opening Price for The Ensign Group of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$125.06 ( 0.512%) | $124.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENSG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 127.85 | 2.75 % | |
R2 | 126.78 | 1.90 % | ||
R1 | 126.12 | 1.37 % | ||
Current price: | 124.42 | |||
Support | S1 | 123.99 | -0.345 % | |
S2 | 123.33 | -0.87 % | ||
S3 | 122.27 | -1.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 125.99 | 1.26 % | |
R2 | 124.92 | 0.402 % | ||
R1 | 124.75 | 0.265 % | ||
Current price | 124.42 | |||
Support | S1 | 123.70 | -0.579% | |
S2 | 122.69 | -1.39% | ||
S3 | 120.78 | -2.93% |
ENSG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.0600 | 0.0483% |
2 | Dec 15, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.0600 | 0.0530% |
3 | Sep 15, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.0600 | 0.0621% |
4 | Jun 16, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.0580 | 0.0599% |
5 | Mar 17, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.0580 | 0.0597% |
FAQ
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