ENTERGY CORP (ETR)

US29364G1031 - Common Stock

106.5  -1.03 (-0.96%)

After market: 106.883 +0.38 (+0.36%)

Technical Rating and Analysis

8

Overall ETR gets a technical rating of 8 out of 10. Although ETR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
ETR is part of the Electric Utilities industry. There are 45 other stocks in this industry. ETR outperforms 75% of them.
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 100.38 - 108.45 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
ETR has an average volume of 1470800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ETR outperforms 52% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
ETR Weekly chart
ETR Daily chart
Setup Rating and Analysis

9

ETR 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 106.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.17, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • 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.

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Support and Resistance Analysis

96.23

108.61

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 101.31 to 105.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Strong support @99.63 from a horizontal line in the daily time frame.
  • A support zone ranging from 97.20 to 97.98. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 106.77 to 107.53. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.49
Mansfield-0.37
10 Day High108.45
10 Day Low100.38
20 Day High108.45
20 Day Low100.38
52 Week High108.81
52 Week Low87.1
Performance
1 Week-0.25%
2 Weeks3.49%
1 Month0.78%
3 Month7.24%
6 Month16.55%
12 Month-1%
2 Year-10.39%
3 Year-2.55%
5 Year9.91%
10 Year46.9%
15 Year64.43%

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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)

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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)
Technical Indicators
MACD(12,26,9)0.26
RSI(14)57.31
LBB100.69
UBB109.22

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
107.54100.377.17 (6.67%)15.00%
An entry @107.54. This is a Buy Stop order right above the resistance zone.An exit @100.37. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 7.17 points, which is 6.67%.For a 1.00% total portfolio risk, you can invest 15.00% 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.

More info and screens

ETR Daily chart

ENTERGY CORP

NYSE:ETR (4/26/2024, 7:04:00 PM)

After market: 106.883 +0.38 (+0.36%)

106.5

-1.03 (-0.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.96%
1 Week-0.25%
2 Weeks3.49%
1 Month0.78%
3 Month7.24%
6 Month16.55%
12 Month-1%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.16
ATR(20)%1.87%
ATR Inc
Range Today1.43
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High108.45
10 Day Low100.38
20 Day High108.45
20 Day Low100.38
52 Week High108.81
52 Week Low87.1
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.14M
Volume Incr58.5%
Vol(5)2.23M
Vol(50)1.47M