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Advanced TA SearchArchive
- 4/5/2024 -
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Entergy Corp. (ETR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Entergy Corp. (ETR). During the week, the ETR dropped -1.45 points, or -1.37%, and closed at 104.23 on Friday, April 5, 2024. Weekly volume was -9% below average.
 Long-term trend: [See ETR long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 126.82 and reached 87.10 on October 3, 2023. ETR lost 39.72 points, or 31.32%, in 75 weeks. The price is now at the 43.13% retracement level.
 Medium-term trend: [See ETR medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 87.10 and reached 106.45 on December 14, 2023. ETR gained -19.35 points, or -22.22%, in 10 weeks. The price is now at the 11.47% retracement level.
 Weekly Technical Indicators: [See ETR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since October 27, 2023. 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 uptrend had started on February 13, 2024 at 96.15 and reached 106.33 on April 2, 2024. ETR gained -10.18 points, or -10.59%, in 49 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 103.18 and resistance is at 106.75. 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 short-term trend.
 Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (103.26) comes close to the price (104.23). It indicates that the trend is getting weaker. 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.
The distance between the Bollinger Bands (3.84%) is close to one year low (3.94%). It is 52.00% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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