Entergy Arkansas Inc. First Mortgage ETF Forecast

Green day on Tuesday for Entergy Arkansas Inc. First Mortgage
(Updated on Jul 02, 2024)

EAI Signals & Forecast

Mostly positive signals in the chart today. The Entergy Arkansas Inc. First Mortgage ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.62 and $21.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Entergy Arkansas Inc. First Mortgage has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Thursday, June 20, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Entergy Arkansas Inc. First Mortgage ETF

Entergy Arkansas Inc. First Mortgage finds support from accumulated volume at $21.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0900 between high and low, or 0.417%. For the last week the ETF has had daily average volatility of 0.548%.

Our recommended stop-loss: $20.85 (-3.68%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 77 days ago.)

Trading Expectations (EAI) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 to open at $21.65, and during the day (based on 14 day Average True Range), to move between $21.48 and $21.82, which gives a possible trading interval of +/-$0.173 (+/-0.80%) up or down from last closing price. If Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.70 (0.23%) than the support at $21.56 (0.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Entergy Arkansas Inc. First Mortgage ETF to perform well in the short-term period.

Current score: 2.284 Buy Candidate Unchanged

Predicted Opening Price for Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.