CypherStop below 4thleg down.
Healthcare stock that I hold. If I see a bad pattern, I sell part of it.
A cypher pattern has peak 2 higher than peak 1 like a shark but the Bullish Cypher terminates at the .786 on the 4th leg of the crooked M pattern. A Shark terminates at the .886 of the 1.113 of the 1st leg down.
The cypher is measures using fib levels from the 2nd peak (C) to the end of the entire pattern.
A Shark also has peak 2 higher than peak 1 but is measured from the 1st peak and not the 2nd peak.
No guarantees and no recommendation.
EGB trade ideas
SHARK/BULLISHI am not sure healthcare is in rotation yet, and I am not sure AI if finished mountain climbing yet.
However this a Shark and is a bullish M pattern which reverses at the bottom of the 4th leg. It did.
Sharks have no rules for where leg 2 (the pull back leg of leg 1) lands. However peak 2 is always higher than peak 1 and it lands at the .886 or the 1.113 of leg one.
No recommendation.
Dreams determine what we want in life.
Actions can determine what we get in life.
Channel DownChannels switch directions a lot as of late.
A break of the channel like signals a move in that direction.
A channel down is a channel down until it becomes a channels up (o:
No recommendation.
I like this stock but healthcare was traded to the mas a month or 2 ago. Now it pays it's dues I suppose.
EPS (FWD)
4.69
PE (FWD)
18.81
Div Rate (FWD)
$0.23
Yield (FWD)
0.26%
Short Interest
3.94%
Market Cap
$4.87B
The Ensign Group, Inc. provides skilled nursing, senior living, and rehabilitative services, as well as other ancillary services. It operates through Skilled Services and Standard Bearer segments. The company’s Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services. Its Standard Bearer segment is comprised of selected real estate properties owned by Standard Bearer and leased to skilled nursing and senior living operators. In addition, the company provides ancillary services consisting of digital x-ray, ultrasound, electrocardiograms, sub-acute services, dialysis, respiratory and patient transportation to people in their homes or at long-term care facilities. It operates in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. The company was incorporated in 1999 and is headquartered in San Juan Capistrano, California.
$ENSG poised to go higher from here?Notes:
* Very strong up trend on the weekly/monthly charts
* Great earnings for the past few years
* Basing for the past 19 months
* Creating a cup and handle
* Trying to break out of the handle
* Strong resistance around the $85.4 area
Technicals:
Ticker: $ENSG
Sector: Healthcare - Medical Care Facilities
Relative Strength vs. Sector: 28.52
Relative Strength vs. SP500: 11.74
U/D Ratio: 1.15
Base Depth: 36.29%
Distance from breakout buy point: -9.18%
Volume 16.02% above its 15 day avg.
Trade idea:
* Not jumping into this just yet.
* Waiting to see if it can stay above the $85.4 area and hold it as support.
Possible Head and Shoulders x 2ENSG has already had a H&S pattern and recovered. Price has not made back up to the old head of this pattern and the high of 94.25.
This pattern is only valid with a clean break of the neckline and a downtrend. Sometimes there will be a retest of the neckline. Sometimes there may be a huge sell day and price will plummet through the neckline. No way to know.
Stop above right shoulder or where you see support.
I have owned this stock off and on for years in my IRA. It is a strong stock when healthcare is moving in a bull market and it is not super volatile. I sold most of it recently with some regret.
No recommendation. I will mark as neutral as the neckline has not been broken.
If you look at the candles at the head of this pattern, they are telling you that there is a lot of indecision up there which can be signal if price if at a possible top. There is a gravestone doji, a bearish harami, a doji and a shooting star. Candles can tell you a lot if you listen.
Head and ShouldersStrong stock and one on my long term holds. It just kinda makes you go OUCH when you see this.
I was stopped out in one of my accounts on FRIDAY. ENSG took a look dip via a long legged doji. Long legged dojis can definitely find a support level. It is a good thing that it dropped over 10 bux and came back up to where it was, quickly. It may mean smart money did not want to let it go any lower, for now.
You know sometimes MR market just likes to clear the playing fields and take out stops, other times, this can be ominous. You never know what that little troll is up to! )o:
For now it is hanging on the neckline. Time will tell but I have found this kind of drop can show you where price may go. I mean 88ish to 76ish in one day without a gap..makes you scatch your head and wonder what is next )o: I saw the rounding top, I saw the head and shoulders. But I did not sell (was stopped out in one account) and sometimes you just do not know what to do.
No recommendation. Negative volume remains high. There was a prior H&S that did not fall far before the neckline, so maybe I was too confident )o: Or maybe the 2nd H&S should have gotten my attention )o:
Rounding tops can be bearish but not always. They can form a handle that slopes up and is then known as an inverted cup and handle.
The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses. It operates in two segments, Transitional and Skilled Services and Real Estate. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services. In addition, the company offers senior living, as well as mobile diagnostics services; leases real estate properties; and provides other ancillary services consisting of digital x-ray, ultrasound, electrocardiogram, laboratory, sub-acute, and patient transportation services to people in their homes or at long-term care facilities. As of February 2, 2021, it operated 232 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington, and Wisconsin. The company was founded in 1999 and is based in San Juan Capistrano, California.
It is when you have your back turned and taking everything for granted, feeling all safe and cozy, that you will get stabbed in the back )o:
Bull FlagThis is a small flag..RSI matches price and also shows a flag..
This one has come a long way so far, so possibly some more pulling back..
Large player volume is high as well as relative strength
This one happens to be in my group I tarde a lot but by no means a recommendation..But I am a nurse so I like HC stocks
Weekly Cup and HandleEarnings 11-4
This is on the weekly timeframe
Targets are based on depth of cup
Cup and handle patterns form as the result of consolidation after an uptrending stock tests its previous highs. At that level, traders who bought the stock near the previous highs are likely to sell, causing a gentle pullback. This pullback is then met with bullish activity, which causes the rounded bottom and rise of the right side of the cup. As the stock once again tests its highs, another pullback – the handle – is observed, but this time bullish investors are able to push the stock higher as they snap up discounted shares.
The weekly chart is the one that provides the broader view. It tends to smooth out the price action, cutting out much of the noise that you find in a daily chart.
It also gives you more history so you can see a stock's longer-term trends. On a weekly chart you're likelier to spot a base that's several months to more than a year long. A strong C&H pattern needs at least 7 weeks to form.
The most powerful Cup and Handle patterns have a shallow retracement, not exceeding ⅓ of the cup’s total size. Although some may trade the pattern when it breaks the R of the handle, the pattern is not considered valid until long entry level is met by others. WE all have our own way of doing things. The handle holds support so some feel safer to enter there after R is broken
Generally, cups with longer and more "U" shaped bottoms provide a stronger signal
NV is very high Monthly candle is a doji
Not a recommendation
The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services. In addition, the company offers senior living, as well as mobile diagnostics services; leases real estate properties; and provides other ancillary services consisting of digital x-ray, ultrasound, electrocardiogram, laboratory, sub-acute, and patient transportation services to people in their homes or at long-term care facilities. As of December 31, 2019, it operated 223 skilled nursing and senior living facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Massachusetts, Nebraska, Nevada, South Carolina, Texas, Utah, Washington, and Wisconsin. The Ensign Group, Inc. was founded in 1999 and is based in San Juan Capistrano, California.
V Bottom Earnings 8-5 AMCV Bottom. Has not broken prior yearly high. With earnings tomorrow, would be a bit risky, and many do not like healthcare stocks.
Earnings tomorrow and they have missed in the past
As a rule, this is a very non-volatile stock. Financially healthy.
NV high
I own this ..I do not recommend it.
The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services. In addition, the company offers senior living, as well as mobile diagnostics services; leases real estate properties; and provides other ancillary services consisting of digital x-ray, ultrasound, electrocardiogram, laboratory, sub-acute, and patient transportation services to people in their homes or at long-term care facilities. As of December 31, 2019, it operated 223 skilled nursing and senior living facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Massachusetts, Nebraska, Nevada, South Carolina, Texas, Utah, Washington, and Wisconsin. The Ensign Group, Inc. was founded in 1999 and is based in San Juan Capistrano, California.
<TradeVSA> Continuation of Mark-Up stage by EnsignStrength in the chart:
1. Re-accumulation with Shakeout
2. Break above resistance with high volume
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
#ENSG #long #stockI think I have finally found a long stock. I hope this is the beginning of many more. Indicators look pretty good and it looks to have formed a rounded bottom. This is however a pattern on the weekly chart, so Ill have to wait a long time for this one to perform. Over all I give it a 6 on my grading scale. 10 is the best. 0 is the worst.
trading pattern criteria
confirmed pattern 1
pattern confirms trend or confirms broken trend 1
pattern is syemtrical 1
pattern leans in the direction of the move 0
stoch RSI confirms 0
macd confirms 1
obv confirms 0
pattern confirms on 1 higher time frame chart 1
pattern confirms on 2 higher time frame chart 0
pattern confirms on 1 lower time frame chart 1