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Archive
- 11/8/2024 -
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Entergy Corp. (ETR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Entergy Corp. (ETR). During the week, the ETR gained 4.20 points, or 2.90%, and closed at 149.00 on Friday, November 8, 2024. Weekly volume was 34% above average.
ETR is a member of Utilities Sector. Utilities is the second 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 (90.82) is broken. A broken support is considered to be a long-term bullish signal. 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 (109.13) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic. 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 and Relative Strength Index 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 4, 2024 at 140.40 and reached 149.40 on November 8, 2024. ETR gained -9.00 points, or -6.41%, in 4 days. Price is near the trend high.
 Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 30, 2024. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 129.73% higher then one year average. It indicates the period of high 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.
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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 |
8 |
| Industry |
Electric Utilities |
54 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
140.40 |
| Low Date |
11/04/2024 |
| High |
149.40 |
| High Date |
11/08/2024 |
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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 |
140.18 |
| Support |
137.01 |
| 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 |
122.91 |
| Support |
109.13 |
| 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 |
116.59 |
| Support |
90.82 |
| High |
135.55 |
| High Date |
02/19/2020 |
| Low |
75.19 |
| Low Date |
03/23/2020 |
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