ENTERGY CORP (ETR) Stock Technical Analysis
NYSE:ETR - New York Stock Exchange, Inc. - US29364G1031 - Common Stock - Currency: USD
Taking everything into account, ETR scores 6 out of 10 in our technical rating. ETR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ETR did better than 84% of all other stocks. We also observe that the gains produced by ETR over the past year are nicely spread over this period.
ETR is one of the better performing stocks in the Electric Utilities industry, it outperforms 84% of 47 stocks in the same industry.
ETR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETR is lagging the market slightly.
ETR has an average volume of 3049640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ETR has a been trading in a tight range between 80.50 and 84.21.
Although the technical rating is only medium, ETR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 82.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.37, a Stop Loss order could be placed below this zone.
More info and screens
62.16
88.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 80.46 to 82.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @77.62 from a horizontal line in the daily time frame.
- Support @62.79 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 82.68 to 83.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @85.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 87.31 to 87.89. This zone is formed by a combination of multiple trend lines 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 | 84.53 | POSITIVE | ETR has a high relative strength, it outperformed 84.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETR is below a declining 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) | 51.23 | NEUTRAL | The RSI value for ETR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ETR has a positive trend. |
| Stochastics (14,3) | 68.61 | NEUTRAL | The Stochastics value for ETR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for ETR suggests low volalility. |
| Average Directional Index/ADX (14) | 11.23 | NEGATIVE | The low ADX value for ETR suggests a weak or negative 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 |
|---|---|---|---|
| 83.63 | 80.49 | 3.15 (3.76%) | 25.00% |
| An entry @83.63. This is a Buy Stop order right above the resistance zone. | An exit @80.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.15 points, which is 3.76%. | For a 0.94% total portfolio risk, you can invest 25.00% 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.
82.53
-0.59 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.71%
1 Week-0.53%
2 Weeks0.98%
1 Month-0.73%
3 Month4.43%
6 Month7.63%
12 Month56.65%
2 Year60.72%
3 Year43.37%
5 Year57.01%
10 Year132.41%
15 Year112.95%
Volatility
ATR(14)1.35
ATR(20)%1.76%
ATR Inc-8.7%
Range Today1.59
ADR(20)1.41
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.53
Mansfield0.31
10 Day High83.7
10 Day Low80.5
20 Day High84.21
20 Day Low80.5
52 Week High88.38
52 Week Low52.07
CS1 End82.37
CR1 Start82.67
Volume & EV
DER(3)1.97%
DER(5)0.64%
Volume3.80M
Volume Incr-1.09%
Vol(5)2.74M
Vol(50)3.05M