RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ESNT
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Essent Group Ltd stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 10.88% PDF

The Essent Group Ltd stock price gained 0.796% on the last trading day (Thursday, 28th Mar 2024), rising from $59.04 to $59.51. During the last trading day the stock fluctuated 1.30% from a day low at $59.13 to a day high of $59.90. The price has risen in 7 of the last 10 days and is up by 7.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 166 thousand more shares were traded than the day before. In total, 458 thousand shares were bought and sold for approximately $27.23 million.

The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $58.55, a level that may pose a second chance to hit a runner. According to fan-theory $63.60 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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ESNT Signals & Forecast

Mostly positive signals in the chart today. The Essent Group Ltd 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 $58.33 and $54.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 15.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Essent Group Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $55.65 and $53.06. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Essent Group Ltd finds support just below today's level at $55.65. If this is broken, then the next support from accumulated volume will be at $53.06 and $51.75.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.770 between high and low, or 1.30%. For the last week, the stock has had daily average volatility of 1.83%.

The Essent Group Ltd stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $57.44 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (ESNT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Essent Group Ltd to open at $59.51, and during the day (based on 14 day Average True Range), to move between $58.34 and $60.68, which gives a possible trading interval of +/-$1.17 (+/-1.97%) up or down from last closing price. If Essent Group Ltd takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $55.65, some $3.86 (6.49%) from the current price of $59.51, our system finds the risk reward attractive.

Is Essent Group Ltd stock A Buy?

Essent Group Ltd holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.597 Strong Buy Candidate Upgraded

Predicted Opening Price for Essent Group Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$59.51 ( 0.0056%) $59.51

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESNT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 60.28 1.30 %
R2 59.99 0.81 %
R1 59.81 0.500 %
Current price: 59.51
Support S1 59.22 -0.489 %
S2 59.04 -0.794 %
S3 58.74 -1.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 59.51
Support S1 55.65 -6.49%
S2 53.06 -10.84%
S3 51.75 -13.04%

ESNT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 09, 2024 Mar 12, 2024 Mar 22, 2024 $0.280 0.485%
2 Nov 02, 2023 Nov 30, 2023 Dec 11, 2023 $0.250 0.500%
3 Aug 04, 2023 Aug 31, 2023 Sep 11, 2023 $0.250 0.505%
4 May 05, 2023 May 31, 2023 Jun 12, 2023 $0.250 0.539%
5 Feb 10, 2023 Mar 09, 2023 Mar 20, 2023 $0.250 0.660%

FAQ

What is the symbol for Essent Group Ltd Stock and on which exchange is it traded?
The symbol for Essent Group Ltd is ESNT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Essent Group Ltd Stock?
Essent Group Ltd holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Essent Group Ltd Stock?
Essent Group Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Essent Group Ltd Stock.

What's the current price of Essent Group Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Essent Group Ltd (ESNT) share was $59.51.

What is the 52-week high and low for Essent Group Ltd Stock?
The 52-week high for Essent Group Ltd Stock is $59.90 and the 52-week low is $38.84.

What is the market capitalization of Essent Group Ltd Stock?
As of the 2024-03-28, the market capitalization of Essent Group Ltd is 6.36B.

When is the next earnings date for Essent Group Ltd?
The upcoming earnings date for Essent Group Ltd is May 03, 2024.
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About Essent Group Ltd

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services. It serves the orig... ESNT Profile

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