ESV pops to highest close since February 6th


Ensco plc Class A (ESV) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team

Highlights

ESV pushes through 100-day moving average
ESV closes higher for the 6th day in a row
ESV pushes through previous session high
ESV rises to highest close since February 6th

Overview

Moving higher for the 6th day in a row, ESV ended Monday at 5.52 gaining $0.09 (1.66%). Today's closing price of 5.52 marks the highest close since February 6th. Closing above Friday's high at 5.48, the share confirms its breakout through the prior session's high having traded $0.18 above it intraday.

Daily Candlestick Chart (ESV as at Apr 16, 2018):

Daily technical analysis candlestick chart for Ensco plc Class A (ESV) as at Apr 16, 2018

Monday's trading range was $0.33 (6.11%), that's above last trading month's daily average range of $0.27. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Regardless of a weak opening the market managed to close above the previous day's open and close, forming a bullish Engulfing Candle.

Prices are trading close to a key support level at 5.41.

Ensco plc shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The stock managed to break above the 100-day moving average at 5.44 today for the first time since December 20, 2017.


Market Conditions for ESV as at Apr 16, 2018

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