The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Number of records: 11
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Entergy Corp.
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Summary:
Weekly :Overbought sectorStochastic has declined below the signal line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Entergy Corp. (ETR). During the week, the ETR dropped -3.35 points, or -4.08%, and closed at 78.85 on Friday, May 11, 2018. It was the worst weekly loss since December 22, 2017. Weekly volume was -22% below 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 August 9, 2011 at 57.60 and reached 92.02 on December 29, 2014. ETR gained -34.42 points, or -59.76%, in 176 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 69.74 and resistance is at 85.40. 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 September 4, 2015 at 61.27 and reached 87.95 on November 15, 2017. ETR gained -26.68 points, or -43.54%, in 114 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 73.14 and resistance is at 90.41. 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 medium-term trend.

Weekly Technical Indicators: [See ETR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ETR short-term trend chart]
A short-term downtrend had started on May 3, 2018 at 82.63 and reached 77.57 on May 9, 2018. ETR lost 5.06 points, or 6.12%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.28
Williams' Percentage Range (W%R) 68.80
Lane's Stochastic (%D-Slow) 29.94
Greed/Fear Indicator (GFI) 36.48
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.40
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 79.06
Greed/Fear Indicator (GFI) 64.71
Moving Average Converg./Diverg. (MACD) -0.32
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 90.41
Yearly Trendline Resistance 85.40
Upper Bollinger Band 82.51
Parabolic System 82.12
Weekly Stochastic Crossing 81.49
20 Day Moving Average 80.31
50 Day Moving Average 79.04
Price 78.85
Daily Stochastic Crossing 78.51
Lower Bollinger Band 77.41
Quarterly Trendline Support 73.14
Yearly Trendline Support 69.74
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 115
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 82.63
High Date 05/03/2018
Low 77.57
Low Date 05/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.95
Low Date 02/06/2018
High 82.63
High Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.95
High Date 11/15/2017
Low 71.95
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.41
Support 73.14
Low 61.27
Low Date 09/04/2015
High 87.95
High Date 11/15/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 85.40
Support 69.74
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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