The Greedy Trader Weekly Analysis
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Entergy Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 88.89
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineTrend resistance at 88.39The price touches the upper Bollinger Band
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It was a second consecutive positive week for the Entergy Corp. (ETR). During the week, the ETR gained 1.40 points, or 1.61%, and closed at 88.46 on Friday, December 07, 2018. Weekly volume was 38% above average.

ETR is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ETR long-term trend chart]
A long-term uptrend had started on September 4, 2015 at 61.27 and reached 89.43 on December 6, 2018. ETR gained -28.16 points, or -45.96%, in 169 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 75.49 and resistance is at 92.69. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ETR medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 71.95 and reached 89.43 on December 6, 2018. ETR gained -17.48 points, or -24.29%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (88.89). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ETR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 2, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ETR short-term trend chart]
A short-term uptrend had started on September 26, 2018 at 78.99 and reached 89.43 on December 6, 2018. ETR gained -10.44 points, or -13.22%, in 71 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (88.39). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.36
Williams' Percentage Range (W%R) 24.30
Lane's Stochastic (%D-Slow) 82.55
Overbought
Greed/Fear Indicator (GFI) 74.88
Moving Average Converg./Diverg. (MACD) 0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.10
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 83.04
Overbought
Greed/Fear Indicator (GFI) 75.83
Moving Average Converg./Diverg. (MACD) 1.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 92.69
Monthly Trendline Resistance 88.89
Daily Stochastic Crossing 88.79
Upper Bollinger Band 88.59
Price 88.46
Weekly Trendline Resistance 88.39
Weekly Stochastic Crossing 88.02
20 Day Moving Average 86.44
Parabolic System 86.34
50 Day Moving Average 84.26
Lower Bollinger Band 84.25
Weekly Trendline Support 83.82
Monthly Trendline Support 80.55
Quarterly Trendline Support 75.49
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 153
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.01
Low Date 11/26/2018
High 89.43
High Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 88.39
Support 83.82
Low 78.99
Low Date 09/26/2018
High 89.43
High Date 12/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 88.89
Support 80.55
Low 71.95
Low Date 02/06/2018
High 89.43
High Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 92.69
Support 75.49
Low 61.27
Low Date 09/04/2015
High 89.43
High Date 12/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.60
Low Date 08/09/2011
High 92.02
High Date 12/29/2014
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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