ESV pops to highest close since February 6th


Ensco plc (ESV) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
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 chart for ESV
Volatility

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.

Price Action

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

Support/Resistance

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

Trend

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.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Ensco plc
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Intraday Reversal TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
Bearish Break through SMA 20 TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Ensco plc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

NATGAS 2.7350.037 1.37%
BTCUSD 7,472.6486.80 1.18%
TBOND 145.4060.594 0.41%
ASX 6,262.7017.60 0.28%
DXY 94.9450.135 0.14%
NKY 22,764.68-29.51 -0.13%
USDJPY 112.47-0.37 -0.33%
HSI 28,010.86-106.56 -0.38%
GOLD 1,222.5-4.8 -0.39%
SPX 2,804.49-11.13 -0.40%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV89.95 -4.45
-4.71%
ACN 10 day candlestick chart for ACN166.89 0.51
0.31%
ADBE 10 day candlestick chart for ADBE257.68 -2.10
-0.81%
AAP 10 day candlestick chart for AAP143.37 3.40
2.43%
AES 10 day candlestick chart for AES13.03 0.30
2.36%
AET 10 day candlestick chart for AET190.04 -1.29
-0.67%
AFL 10 day candlestick chart for AFL42.89 -0.37
-0.86%
AMG 10 day candlestick chart for AMG149.31 -1.94
-1.28%
A 10 day candlestick chart for A64.15 1.16
1.84%
ABT 10 day candlestick chart for ABT63.78 -0.97
-1.50%