ENTERGY CORP (ETR) Stock Technical Analysis
NYSE:ETR - New York Stock Exchange, Inc. - US29364G1031 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ETR. 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.
The long and short term trends are both positive. This is looking good!
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 84% 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 is trading in the upper part of its 52 week range, but not near new highs, so ETR is leading the market.
In the last month ETR has a been trading in the 80.11 - 91.46 range, which is quite wide. It is currently trading near the high of this range.
ETR has an average volume of 2667500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ETR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
62.93
91.33
6 important support areas can be observed.
- A support zone ranging from 87.40 to 88.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 82.40 to 85.62. This zone is formed by a combination of multiple trend lines and important moving averages 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 @77.62 from a horizontal line in the daily time frame.
- Support @63.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.68 to 90.43. 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 | UP | POSITIVE | The short term trend for ETR is up. |
| ChartMill Relative Strength | 86.2 | POSITIVE | ETR has a high relative strength, it outperformed 86.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETR is above 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) | 68.12 | NEUTRAL | The RSI value for ETR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests ETR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.53 | OVERBOUGHT | The high Stochastics value suggests ETR may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for ETR suggests low volalility. |
| Average Directional Index/ADX (14) | 33.12 | 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)
89.67
-0.76 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.84%
1 Week1.71%
2 Weeks3.78%
1 Month9.46%
3 Month6.16%
6 Month10.59%
12 Month48.46%
2 Year88.28%
3 Year55.54%
5 Year80.9%
10 Year174.51%
15 Year127.47%
Volatility
ATR(14)1.64
ATR(20)%1.74%
ATR Inc-14.6%
Range Today1.34
ADR(20)1.47
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.2
Mansfield0.91
10 Day High91.46
10 Day Low86.12
20 Day High91.46
20 Day Low80.11
52 Week High91.46
52 Week Low57.58
CS1 End88.43
CR1 Start89.68
Volume & EV
DER(3)0.93%
DER(5)0.92%
Volume2.66M
Volume Incr39.38%
Vol(5)3.46M
Vol(50)2.67M