When the Price of (ESGR) Talks, People Listen

July 31, 2024, 08:50 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESGR

• Buy ESGR slightly over 323 target 343.66 stop loss @ 322.07 Details

The technical summary data tells us to buy ESGR near 323 with an upside target of 343.66. This data also tells us to set a stop loss @ 322.07 to protect against excessive loss in case the stock begins to move against the trade. 323 is the first level of support below 325 , and by rule, any test of support is a buy signal. In this case, support 323 is being tested, a buy signal would exist.

• Short ESGR slightly under 343.66, target 323, stop loss @ 344.65 Details

The technical summary data is suggesting a short of ESGR as it gets near 343.66 with a downside target of 323. We should have a stop loss in place at 344.65though. 343.66 is the first level of resistance above 325, and by rule, any test of resistance is a short signal. In this case, if resistance 343.66 is being tested, a short signal would exist.

Swing Trading Plans for ESGR

• Buy ESGR slightly over 326.2, target 337.84, Stop Loss @ 325.26 Details

If 326.2 begins to break higher, the technical summary data tells us to buy ESGR just slightly over 326.2, with an upside target of 337.84. The data also tells us to set a stop loss @ 325.26 in case the stock turns against the trade. 326.2 is the first level of resistance above 325, and by rule, any break above resistance is a buy signal. In this case, 326.2, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ESGR slightly near 326.2, target 323, Stop Loss @ 327.14. Details

The technical summary data is suggesting a short of ESGR if it tests 326.2 with a downside target of 323. We should have a stop loss in place at 327.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 326.2, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ESGR

• Buy ESGR slightly over 326.2, target 332.21, Stop Loss @ 325.44 Details

If 326.2 begins to break higher, the technical summary data tells us to buy ESGR just slightly over 326.2, with an upside target of 332.21. The data also tells us to set a stop loss @ 325.44 in case the stock turns against the trade. 326.2 is the first level of resistance above 325, and by rule, any break above resistance is a buy signal. In this case, 326.2, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ESGR slightly near 326.2, target 323, Stop Loss @ 326.96. Details

The technical summary data is suggesting a short of ESGR if it tests 326.2 with a downside target of 323. We should have a stop loss in place at 326.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 326.2, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Enstar Group Limited (ESGR) available here: ESGR.

ESGR Ratings for July 31:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	302.97
P2	321.4	326.2	323
P3	332.21	337.84	343.66

AI Generated Signals for ESGR

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Enstar Group Limited (NASDAQ: ESGR) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ESGR can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.