THE ENSIGN GROUP INC. - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 43.07 USD
My targets
39.70 USD (-6.59%)
36.37 USD (-14.42%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on THE ENSIGN GROUP INC.. As long as you are under the resistance located at 43.07 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 39.70 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 36.37 USD as an objective. Crossing it would then enable sellers to target 26.70 USD. If the resistance 43.07 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE ENSIGN GROUP INC. rating is 42.50 USD. On the day, this instrument gained +1.46% and was traded between 41.56 USD and 42.73 USD over the period. The price is currently at +2.26% from its lowest and -0.54% from its highest.41.56
42.73
42.50
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this THE ENSIGN GROUP INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 26.70 | 36.37 | 39.70 | 42.50 | 43.07 | 47.70 | 50.69 |
Change (%) | -37.18% | -14.42% | -6.59% | - | +1.34% | +12.24% | +19.27% |
Change | -15.80 | -6.13 | -2.80 | - | +0.57 | +5.20 | +8.19 |
Level | Intermediate | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 40.83 | 41.15 | 41.52 | 41.84 | 42.21 | 42.53 | 42.90 |
Camarilla | 41.70 | 41.76 | 41.83 | 41.89 | 41.95 | 42.02 | 42.08 |
Woodie | 40.86 | 41.16 | 41.55 | 41.85 | 42.24 | 42.54 | 42.93 |
Fibonacci | 41.15 | 41.41 | 41.58 | 41.84 | 42.10 | 42.27 | 42.53 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 38.65 | 39.88 | 41.03 | 42.26 | 43.41 | 44.64 | 45.79 |
Camarilla | 41.54 | 41.75 | 41.97 | 42.19 | 42.41 | 42.63 | 42.85 |
Woodie | 38.62 | 39.86 | 41.00 | 42.24 | 43.38 | 44.62 | 45.76 |
Fibonacci | 39.88 | 40.79 | 41.35 | 42.26 | 43.17 | 43.73 | 44.64 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 33.13 | 35.89 | 39.07 | 41.83 | 45.01 | 47.77 | 50.95 |
Camarilla | 40.62 | 41.16 | 41.71 | 42.25 | 42.80 | 43.34 | 43.88 |
Woodie | 33.34 | 36.00 | 39.28 | 41.94 | 45.22 | 47.88 | 51.16 |
Fibonacci | 35.89 | 38.16 | 39.56 | 41.83 | 44.10 | 45.50 | 47.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 49.21 | |
MACD (12,26,9): | -0.3300 | |
Directional Movement: | 0.13 | |
AROON (14): | 7.14 | |
DEMA (21): | 41.44 | |
Parabolic SAR (0,02-0,02-0,2): | 44.09 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 44.46 | |
Zig ZAG (10): | 42.53 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 44.56 | |
TEMA (21): | 42.41 | |
Williams %R (14): | -47.48 | |
Chande Momentum Oscillator (20): | 1.74 | |
Repulse (5,40,3): | 1.1200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.2000 | |
Courbe Coppock: | 4.79 |
MA7: | 42.20 | |
MA20: | 41.78 | |
MA50: | 44.03 | |
MA100: | 49.41 | |
MAexp7: | 42.18 | |
MAexp20: | 42.10 | |
MAexp50: | 44.14 | |
MAexp100: | 46.90 | |
Price / MA7: | +0.71% | |
Price / MA20: | +1.72% | |
Price / MA50: | -3.47% | |
Price / MA100: | -13.99% | |
Price / MAexp7: | +0.76% | |
Price / MAexp20: | +0.95% | |
Price / MAexp50: | -3.72% | |
Price / MAexp100: | -9.38% |
News
The latest news and videos published on THE ENSIGN GROUP INC. at the time of the analysis were as follows:
-
Red ensign alert: fears ships will ditch UK flag after tanker debacle
- Report: Exploring Fundamental Drivers Behind Liberty Media, Goldman Sachs Group, FMC, PDF Solutions, Black Stone Minerals, and The Ensign Group — New Horizons, Emerging Trends, and Upcoming Developments
- Mainstreet Health Investments Inc. Announces Sale Leaseback of Senior Living & Post-Acute Portfolio with The Ensign Group Inc.
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Ensign Group
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Ensign Energy Services
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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