Entercom Communications Corp (ETM) Stock Technical Analysis
USA - NYSE:ETM -
Taking everything into account, ETM scores 8 out of 10 in our technical rating. In the last year, ETM was one of the better performers, but we do observe some doubts in the very recent evolution.
ETM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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3.29
When analyzing the support we can see 2 important 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.
5 important resistance areas can be observed.
- 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.
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. |
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 trade has a worst case loss of 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.
5.03
-0.04 (-0.79%)
Entercom Communications Corp / ETM FAQ
What is the ChartMill technical rating of Entercom Communications Corp (ETM) stock?
ChartMill assigns a technical rating of 7 / 10 to ETM.
What is the trend direction for ETM stock?
The current trend direction for Entercom Communications Corp (ETM) is Bullish.
What is the RSI signal for ETM stock?
Entercom Communications Corp (ETM) has an RSI value of 44.503. This indicates that the stock is currently neutral.
What is the buy/sell signal for ETM stock?
The buy/sell signal for Entercom Communications Corp (ETM) is hold as the short term and long term trends are mixed.
What is the support and resistance level for ETM stock?
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.