Enstar Technical Analysis (NASDAQ:ESGR)
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. The Enstar stock price data and volume are plotted in ESGR stock charts and these trading charts form the basis of technical analysis.
See Enstar bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Enstar stock analysis that does not care for the fair value of a company but uses price and volume data only.
Enstar Moving Average
Moving averages help predict the price direction of ESGR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $212.31 is below the last closing price of $215.05 and the 50 day moving average of $208.2 is below the last closing price of $215.05. The 10 and 20 day periods can predict short term moving average trends.
Enstar 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 ESGR stock. The stock price is trading between the average and the upper band in the context of Enstar bollinger bands.
Enstar 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 Enstar MACD indicator can be used to identify bullish and bearish trends for the stock.
Enstar 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. 65.74 is the RSI value of ESGR stock.