ENTERGY LOUISIANA LLC 2040 (ELB) Stock Technical Analysis
USA - NYSE:ELB - US29364W3060
Taking everything into account, ELB scores 1 out of 10 in our technical rating. ELB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of ELB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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24.73
When analyzing the support we notice one important area.
- A support zone ranging from 24.98 to 25.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.14 to 25.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ELB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELB is down. |
| ChartMill Relative Strength | 42.15 | NEUTRAL | ELB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 19.39 | OVERSOLD | The low RSI value suggests ELB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELB has a negative trend. |
| Stochastics (14,3) | 6.67 | OVERSOLD | The low Stochastics value suggests ELB may be oversold. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for ELB suggests low volalility. |
NYSE:ELB (9/15/2016, 8:00:00 PM)
25.01
+0.01 (+0.04%)
ENTERGY LOUISIANA LLC 2040 / ELB FAQ
What is the ChartMill technical rating of ENTERGY LOUISIANA LLC 2040 (ELB) stock?
ChartMill assigns a technical rating of 1 / 10 to ELB.
What is the trend direction for ELB stock?
The current trend direction for ENTERGY LOUISIANA LLC 2040 (ELB) is Bearish.
Can you provide the RSI signal for ENTERGY LOUISIANA LLC 2040?
ENTERGY LOUISIANA LLC 2040 (ELB) has an RSI value of 19.387. This indicates that the stock is currently oversold.
What is the MACD signal for ENTERGY LOUISIANA LLC 2040 (ELB) stock?
The MACD indicator for ENTERGY LOUISIANA LLC 2040 (ELB) has a value of -0.0324214, indicating a bearish trend.
What are the support and resistance levels for ENTERGY LOUISIANA LLC 2040 (ELB) stock?
ENTERGY LOUISIANA LLC 2040 (ELB) has a support level at 25 and a resistance level at 25.14. Check the full technical report for our detailed analysis of ELB support and resistance levels.