ENTERGY CORP (ETR) Stock Technical Analysis
USA - NYSE:ETR - US29364G1031 - Common Stock
Taking everything into account, ETR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETR is showing a nice and steady performance.
Besides having an excellent technical rating, ETR also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 92.23, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
79.66
4 important support areas can be observed.
- A support zone ranging from 91.72 to 92.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.71 to 87.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 83.01 to 83.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @80.46 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 96.02 to 97.65. 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 | UP | POSITIVE | The long term trend for ETR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETR is neutral. |
| ChartMill Relative Strength | 77.62 | POSITIVE | ETR has a high relative strength, it outperformed 77.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.31 | NEUTRAL | The RSI value for ETR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ETR has a negative trend. |
| Stochastics (14,3) | 37.86 | NEUTRAL | The Stochastics value for ETR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ETR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for ETR suggests a strong trend. |
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 |
|---|---|---|---|
| 97.66 | 92.74 | 4.92 (5.03%) | 19.87% |
| An entry @97.66. This is a Buy Stop order right above the resistance zone. | An exit @92.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.92 points, which is 5.03%. | For a 1.00% total portfolio risk, you can invest 19.87% of your capital in this trade. |
- 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.
95.46
+0.44 (+0.46%)
ENTERGY CORP / ETR FAQ
Can you provide the ChartMill technical rating for ENTERGY CORP?
ChartMill assigns a technical rating of 9 / 10 to ETR.
Can you provide the trend direction for ENTERGY CORP?
The current trend direction for ENTERGY CORP (ETR) is Bullish.
What is the RSI signal for ETR stock?
ENTERGY CORP (ETR) has an RSI value of 53.3112. This indicates that the stock is currently neutral.
What are the support and resistance levels for ENTERGY CORP (ETR) stock?
ENTERGY CORP (ETR) has a support level at 92.23 and a resistance level at 96.02. Check the full technical report for our detailed analysis of ETR support and resistance levels.