ENTERGY CORP (ETR) Stock Technical Analysis
NYSE:ETR - US29364G1031 - Common Stock
89.33 USD
+0.11 (+0.12%)
89.33 USD
0 (0%)
Taking everything into account, ETR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ETR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ETR did better than 86% of all other stocks. On top of that, ETR also shows a nice and consistent pattern of rising prices.
ETR is one of the better performing stocks in the Electric Utilities industry, it outperforms 91% of 47 stocks in the same industry.
ETR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ETR has a been trading in the 86.49 - 92.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ETR has an average volume of 2685620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 89.64. Right above this resistance zone may be a good entry point.
More info and screens
63.51
92.54
6 important support areas can be observed.
- Support @88.80 from a trend line in the daily time frame.
- A support zone ranging from 85.84 to 87.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.21 to 83.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @80.46 from a horizontal line in the daily time frame.
- A support zone ranging from 79.01 to 79.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 89.64 to 91.62. 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 | UP | POSITIVE | The short term trend for ETR is up. |
| ChartMill Relative Strength | 86.02 | POSITIVE | ETR has a high relative strength, it outperformed 86.02% 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) | 54.52 | NEUTRAL | The RSI value for ETR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests ETR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.19 | NEUTRAL | The Stochastics value for ETR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for ETR suggests low volalility. |
| Average Directional Index/ADX (14) | 33.1 | POSITIVE | The high ADX value value for ETR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 89.65 | 88.79 | 0.86 (0.96%) | 25.00% |
| An entry @89.65. This is a Buy Stop order right above the 10 day moving average. | An exit @88.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 0.96%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ETR. 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.
89.33
+0.11 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.12%
1 Week0.24%
2 Weeks-1.26%
1 Month1.33%
3 Month7.86%
6 Month4.98%
12 Month50.39%
2 Year87.57%
3 Year54.95%
5 Year80.21%
10 Year173.47%
15 Year126.61%
Volatility
ATR(14)1.48
ATR(20)%1.83%
ATR Inc-4.14%
Range Today1.43
ADR(20)1.55
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.02
Mansfield0.33
10 Day High91
10 Day Low87.57
20 Day High92.4
20 Day Low86.49
52 Week High92.4
52 Week Low59.05
CS1 End88.8
CR1 Start89.64
Volume & EV
DER(3)-0.74%
DER(5)-0.7%
Volume2.03M
Volume Incr-22.38%
Vol(5)2.17M
Vol(50)2.69M