Learn to Evaluate (ESNT) using the Charts

March 12, 2024, 05:38 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESNT

• Buy ESNT slightly over 54.56 target 57.73 stop loss @ 54.4 Details

The technical summary data tells us to buy ESNT near 54.56 with an upside target of 57.73. This data also tells us to set a stop loss @ 54.4 to protect against excessive loss in case the stock begins to move against the trade. 54.56 is the first level of support below 55.65 , and by rule, any test of support is a buy signal. In this case, support 54.56 is being tested, a buy signal would exist.

• Short ESNT slightly under 57.73, target 54.56, stop loss @ 57.9 Details

The technical summary data is suggesting a short of ESNT as it gets near 57.73 with a downside target of 54.56. We should have a stop loss in place at 57.9though. 57.73 is the first level of resistance above 55.65, and by rule, any test of resistance is a short signal. In this case, if resistance 57.73 is being tested, a short signal would exist.

Swing Trading Plans for ESNT

• Buy ESNT slightly over 57.73, target n/a, Stop Loss @ 57.56 Details

If 57.73 begins to break higher, the technical summary data tells us to buy ESNT just slightly over 57.73, with an upside target of n/a. The data also tells us to set a stop loss @ 57.56 in case the stock turns against the trade. 57.73 is the first level of resistance above 55.65, and by rule, any break above resistance is a buy signal. In this case, 57.73, 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 ESNT slightly near 57.73, target 55.23, Stop Loss @ 57.9. Details

The technical summary data is suggesting a short of ESNT if it tests 57.73 with a downside target of 55.23. We should have a stop loss in place at 57.9 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, 57.73, 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 ESNT

• Buy ESNT slightly over 57.73, target n/a, Stop Loss @ 57.6 Details

If 57.73 begins to break higher, the technical summary data tells us to buy ESNT just slightly over 57.73, with an upside target of n/a. The data also tells us to set a stop loss @ 57.6 in case the stock turns against the trade. 57.73 is the first level of resistance above 55.65, and by rule, any break above resistance is a buy signal. In this case, 57.73, 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 ESNT slightly near 57.73, target 55.33, Stop Loss @ 57.86. Details

The technical summary data is suggesting a short of ESNT if it tests 57.73 with a downside target of 55.33. We should have a stop loss in place at 57.86 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, 57.73, 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  Essent Group Ltd. (ESNT) available here: ESNT.

ESNT Ratings for March 12:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	51.5
P2	54.57	54.19	54.56
P3	55.33	55.23	57.73

AI Generated Signals for ESNT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Essent Group Ltd. (NASDAQ: ESNT) report below can help you understand how to do this. The trading plans for ESNT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.