Entercom Communications Corp (ETM) Technical Analysis
NYSE:ETM
Current stock price
ETM Technical Rating and Analysis
Taking everything into account, ETM scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ETM has a been trading in the 4.80 - 6.31 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, ETM did better than 97% of all other stocks. We also observe that the gains produced by ETM over the past year are nicely spread over this period.
- ETM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ETM is performing more or less in line with the market.
- ETM has an average volume of 2217160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Considerably lower volume is observed in the last couple of days.
ETM Weekly and Daily overview Charts
ETM Setup Rating and Analysis
Besides having an excellent technical rating, ETM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
ETM Support and Resistance Analysis
3.29
We found 2 important support areas.
- Support @4.46 from a horizontal line in the daily time frame.
- Support @3.32 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @5.07 from a trend line in the daily time frame.
- A resistance zone ranging from 5.19 to 5.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.50 to 5.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.16 from a horizontal line in the weekly time frame.
- Resistance @6.26 from a horizontal line in the daily time frame.
ETM Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for ETM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETM is down. |
| ChartMill Relative Strength | 97.57 | POSITIVE | ETM has a high relative strength, it outperformed 97.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ETM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.5 | NEUTRAL | The RSI value for ETM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ETM has a negative trend. |
| Stochastics (14,3) | 21.5 | NEUTRAL | The Stochastics value for ETM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.3 | HIGH VOLATILITY | The high ATR as a percentage value for ETM suggests high volalility. |
ETM Chart- and CandleStick Pattern Analysis
ETM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.08 | 4.79 | 0.29 (5.71%) | 17.52% |
| An entry @5.08. This is a Buy Stop order right above the resistance zone. | An exit @4.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 5.71%. | When investing 17.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ETM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ETM Technicals: Chart, Performance Metrics, Trend & Indicators
5.03
-0.04 (-0.79%)
Entercom Communications Corp / ETM TA FAQ
What is the ChartMill technical rating of Entercom Communications Corp (ETM) stock?
ChartMill assigns a technical rating of 7 / 10 to ETM.
Can you provide the trend direction for Entercom Communications Corp?
The current trend direction for Entercom Communications Corp (ETM) is Bullish.
What is the RSI signal for Entercom Communications Corp (ETM) stock?
Entercom Communications Corp (ETM) has an RSI value of 44.503. This indicates that the stock is currently neutral.
What is the MACD signal for ETM stock?
The MACD indicator for Entercom Communications Corp (ETM) has a value of -0.0701149, indicating a bearish trend.
Can you provide the support and resistance levels for Entercom Communications Corp?
Entercom Communications Corp (ETM) has a support level at 4.46 and a resistance level at 5.07. Check the full technical report for our detailed analysis of ETM support and resistance levels.