Entergy New Orleans Inc ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Entergy New Orleans Inc ETF price down 0% on Monday
(Updated on Apr 20, 2020)
No changes to the price of Entergy New Orleans Inc ETF on the last trading day (Monday, 20th Apr 2020). During the last trading day the ETF fluctuated 0% from a day low at $25.37 to a day high of $25.37. The price has fallen in 5 of the last 10 days and is down by -3.72% for this period.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Entergy New Orleans Inc ETF with a 90% probability to be traded between $25.50 and $25.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ENJ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Entergy New Orleans Inc ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.57 and $25.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Entergy New Orleans Inc ETF
Entergy New Orleans Inc finds support from accumulated volume at $25.15 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.120%
Our recommended stop-loss: $1.27 (-5.00%) (Unable to calculate.)
Trading Expectations (ENJ) For The Upcoming Trading Day Of Tuesday 21st
With no resistance above and support from accumulated volume @ $25.15, some $0.220 (0.87%) from the current price of $25.37, our system finds the risk reward attractive.
Is Entergy New Orleans Inc ETF A Buy?
Entergy New Orleans Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Entergy New Orleans Inc of Tuesday, April 21, 2020
| Fair opening price April 21, 2020 | Current price |
|---|---|
| $25.37 ( 0%) | $25.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.37 | . | |
| R2 | 25.37 | . | ||
| R1 | 25.37 | . | ||
| Current price: | 25.37 | |||
| Support | S1 | 25.37 | . | |
| S2 | 25.37 | . | ||
| S3 | 25.37 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 25.37 | |||
| Support | S1 | 25.15 | -0.87% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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