ESURE #CAC40 #NASDAQ It’s strange, living in an age where most insurance companies appear to regard TV advertising slogans as the safest way to allow their company judged. It’s even possible #Esure were one of the originators of this campaigning, targeting the lazy gullible.
We’ve a particular grudge against insurers, primarily due to “More Than’s” behaviour when questioned why a pets insurance More Than doubled from one year to the next, despite the pet in question not having any claims on her policy for 9 years. Essentially, we could not get a reasonable answer to explain the 250% rise. Eventually, the penny dropped the insurer didn’t particularly want a dog over 10 years old on their books. While perhaps making good business sense it seems a strategy which left a bad taste as we’d historically been lazy, just letting policies renew annually. It also means none of our 4 freeloading pets are now insured through this company.
Anyway, now that particular rant is out of the way, Esure’s share price has a history of behaving strangely and this years dance steps again match the corkscrew pattern since 2014.
The immediate situation is fairly interesting as movement now above 283p suggests travel coming to an initial 292.5p. In itself, while not a vastly interesting rise, it tends hint at a challenge against the ruling downtrend since 2013. Better still, movement above 293p suggests a longer term 335p as a viable ambition, along with an almost certain stumble while those trapped at the historical high indulge a selling frenzy, probably forcing some price reversal.
But critically, once the price achieves such a level, it’s not terribly difficult to calculate a long term attraction from 426p.
For now, the price is essentially floundering around, as if in shock at the elevation from 2 quid to present levels.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:14:41PM |
BRENT |
81.04 |
‘cess |
|||||||||
10:17:25PM |
GOLD |
1201.67 |
||||||||||
10:19:28PM |
FTSE |
7484.96 |
‘cess |
|||||||||
10:29:36PM |
FRANCE |
5471.5 |
5450 |
5446.5 |
5429 |
5490 |
5498 |
5511 |
5549 |
5450 |
||
10:32:03PM |
GERMANY |
12382.34 |
||||||||||
10:34:45PM |
US500 |
2918.52 |
Success |
|||||||||
10:43:56PM |
DOW |
26507 |
||||||||||
10:47:51PM |
NASDAQ |
7574.48 |
7515 |
7497 |
7471 |
7540 |
7575 |
7586.5 |
7614 |
7518 |
||
10:52:18PM |
JAPAN |
23840 |
Success |