The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 9/27/2024 -
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Entergy Corp. (ETR) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
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It was a seventh consecutive positive week for the Entergy Corp. (ETR). During the week, the ETR gained 1.88 points, or 1.45%, and closed at 131.13 on Friday, September 27, 2024. Weekly volume was 24% above 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 (90.42) 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 July 9, 2024 at 104.13 and reached 131.55 on September 27, 2024. ETR gained -27.42 points, or -26.33%, in 11 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ETR weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 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 August 8, 2024 at 115.16 and reached 131.55 on September 27, 2024. ETR gained -16.39 points, or -14.23%, in 50 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 129.37 and resistance is at 132.39. 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily 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 daily 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.

The daily MACD line is above its signal line since September 12, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.61
Overbought
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 85.66
Overbought Bearish
Greed/Fear Indicator (GFI) 85.67
Overbought
Moving Average Converg./Diverg. (MACD) 2.98 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.05
Overbought
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 91.11
Strong Overbought
Greed/Fear Indicator (GFI) 86.47
Overbought
Moving Average Converg./Diverg. (MACD) 4.05
Trading Signals
Description Value Chart
Upper Bollinger Band 133.45
Weekly Trendline Resistance 132.39
Price 131.13
Daily Stochastic Crossing 130.64
Weekly Stochastic Crossing 130.61
Weekly Trendline Support 129.37
Parabolic System 128.39
20 Day Moving Average 125.99
50 Day Moving Average 120.39
Lower Bollinger Band 118.98
Yearly Trendline Resistance 117.07
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 128.90
Low Date 09/26/2024
High 131.55
High Date 09/27/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 132.39
Support 129.37
Low 115.16
Low Date 08/08/2024
High 131.55
High Date 09/27/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.13
Low Date 07/09/2024
High 131.55
High Date 09/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.10
Low Date 10/03/2023
High 131.55
High Date 09/27/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 117.07
Support 90.42
High 135.55
High Date 02/19/2020
Low 75.19
Low Date 03/23/2020
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.