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|It was a first positive week for the Entergy Corp. (ETR). During the week, the ETR gained 1.12 points, or 1.34%, and closed at 84.71 on Friday, September 07, 2018. Weekly volume was -32% 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 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 74.40 and resistance is at 91.61. 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 May 18, 2018 at 75.45 and reached 85.81 on September 6, 2018. ETR gained -10.36 points, or -13.73%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (85.09). 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 June 15, 2018. This is an indication that the medium-term trend is up. 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 September 6, 2018 at 85.81 and reached 84.57 on September 7, 2018. ETR lost 1.24 points, or 1.45%, in 1 days. The price is now at the 11.29% retracement level.
Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.12% on Friday. It is 54.93% lower than one year average. It indicates the period of low volatility of the stock price. 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.