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Electric Utilities Industry Stocks Technical Analysis - ETRArchive
- 11/22/2024 -
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Entergy Corp. (ETR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a sixth consecutive positive week for the Entergy Corp. (ETR). During the week, the ETR gained 2.90 points, or 1.94%, and closed at 152.20 on Friday, November 22, 2024. Weekly volume was -20% 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 downtrend had started on February 19, 2020 at 135.55 and reached 75.19 on March 23, 2020. ETR lost 60.36 points, or 44.53%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (90.96) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ETR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See ETR medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 87.10 and reached 156.90 on October 31, 2024. ETR gained -69.80 points, or -80.14%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (109.86) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ETR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 26, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 13, 2024 at 146.50 and reached 153.00 on November 22, 2024. ETR gained -6.50 points, or -4.44%, in 9 days. The price is now at the 12.31% retracement level.
 Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
10 |
| Industry |
Electric Utilities |
74 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
146.50 |
| Low Date |
11/13/2024 |
| High |
153.00 |
| High Date |
11/22/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
128.76 |
| Low Date |
10/10/2024 |
| High |
156.90 |
| High Date |
10/31/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
142.60 |
| Support |
140.65 |
| Low |
104.13 |
| Low Date |
07/09/2024 |
| High |
156.90 |
| High Date |
10/31/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
123.63 |
| Support |
109.86 |
| Low |
87.10 |
| Low Date |
10/03/2023 |
| High |
156.90 |
| High Date |
10/31/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
116.43 |
| Support |
90.96 |
| High |
135.55 |
| High Date |
02/19/2020 |
| Low |
75.19 |
| Low Date |
03/23/2020 |
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