Essent Stock Technical Analysis

ESNT
 Stock
  

USD 35.51  0.23  0.65%   

As of the 29th of September, Essent shows the coefficient of variation of (964.03), and Mean Deviation of 1.21. Essent Group technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Essent Group, which can be compared to its rivals. Please confirm Essent Group variance and potential upside to decide if Essent Group is priced favorably, providing market reflects its regular price of 35.51 per share. Given that Essent has jensen alpha of (0.11), we urge you to verify Essent Group's prevailing market performance to make sure the company can sustain itself at a future point.
  

Essent Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Essent, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Essent
Essent's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Essent Analyst Consensus

Target PriceAdvice# of Analysts
57.6Buy5Odds
Essent Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Essent analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Essent stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Essent Group, talking to its executives and customers, or listening to Essent conference calls.
Essent Analyst Advice Details
Essent technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Essent technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Essent trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Essent Group Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Essent Group volatility developed by Welles Wilder.
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Essent Group Trend Analysis

Use this graph to draw trend lines for Essent Group. You can use it to identify possible trend reversals for Essent as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Essent price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Essent Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Essent Group applied against its price change over selected period. The best fit line has a slop of   -0.04  , which may suggest that Essent Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 75.34, which is the sum of squared deviations for the predicted Essent price change compared to its average price change.

About Essent Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Essent Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Essent Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Essent Group price pattern first instead of the macroeconomic environment surrounding Essent Group. By analyzing Essent's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Essent's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Essent specific price patterns or momentum indicators. Please read more on our technical analysis page.

Essent September 29, 2022 Technical Indicators

Most technical analysis of Essent help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Essent from various momentum indicators to cycle indicators. When you analyze Essent charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Essent September 29, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Essent stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Investing Opportunities. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for analysis

When running Essent Group price analysis, check to measure Essent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essent is operating at the current time. Most of Essent's value examination focuses on studying past and present price action to predict the probability of Essent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Essent's price. Additionally, you may evaluate how the addition of Essent to your portfolios can decrease your overall portfolio volatility.
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Is Essent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Essent. If investors know Essent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Essent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Essent Group is measured differently than its book value, which is the value of Essent that is recorded on the company's balance sheet. Investors also form their own opinion of Essent's value that differs from its market value or its book value, called intrinsic value, which is Essent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Essent's market value can be influenced by many factors that don't directly affect Essent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Essent's value and its price as these two are different measures arrived at by different means. Investors typically determine Essent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.