Endurance Specialty Technical Analysis (NYSE:ENH)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Endurance Specialty stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ENH stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Endurance Specialty. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Endurance Specialty stock analysis.
Endurance Specialty Moving Average
Moving averages help predict the price direction of ENH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $92.89 is below the price of $92.98.
Endurance Specialty Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ENH stock. The stock price is trading between the average and the upper band in the context of Endurance Specialty bollinger bands.
Endurance Specialty Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Endurance Specialty MACD indicator is below 0 indicating a bearish trend.
Endurance Specialty Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of ENH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.