Entergy New Orleans Inc. 1st Mtg Bd ETF Forecast
Stronger technical forecast for Entergy New Orleans Inc. 1st Mtg Bd ETF price after Wednesday trading.
(Updated on May 01, 2024)
The Entergy New Orleans Inc. 1st Mtg Bd ETF price gained 0.573% on the last trading day (Wednesday, 1st May 2024), rising from $22.68 to $22.81. During the last trading day the ETF fluctuated 0.96% from a day low at $22.70 to a day high of $22.92. The price has risen in 6 of the last 10 days but is still down by -0.31% for this period. Volume fell on the last day by -4 thousand shares and in total, 5 thousand shares were bought and sold for approximately $104.61 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.26% during the next 3 months and, with a 90% probability hold a price between $21.30 and $23.13 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.56%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Entergy New Orleans Inc. 1st Mtg Bd 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 $22.99 and $23.66. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Entergy New Orleans Inc. 1st Mtg Bd ETF
Entergy New Orleans Inc. 1st Mtg Bd finds support from accumulated volume at $22.68 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 controlled movements and therefore the general risk is considered 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 $0.219 between high and low, or 0.96%. For the last week the ETF has had daily average volatility of 1.26%.
Our recommended stop-loss: $21.58 (-5.41%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ENO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 to open at $22.81, and during the day (based on 14 day Average True Range), to move between $22.50 and $23.12, which gives a possible trading interval of +/-$0.313 (+/-1.37%) up or down from last closing price. If Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.68 (0.57%) than the resistance at $23.87 (4.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 ETF A Buy?
Entergy New Orleans Inc. 1st Mtg Bd 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.029 Hold/Accumulate Upgraded
Predicted Opening Price for Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $22.81 ( 0.0020%) | $22.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.03 | 0.96 % | |
| R2 | 22.95 | 0.594 % | ||
| R1 | 22.89 | 0.368 % | ||
| Current price: | 22.81 | |||
| Support | S1 | 22.73 | -0.364 % | |
| S2 | 22.68 | -0.590 % | ||
| S3 | 22.59 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.59 | 7.80 % | |
| R2 | 24.27 | 6.40 % | ||
| R1 | 23.87 | 4.65 % | ||
| Current price | 22.81 | |||
| Support | S1 | 22.68 | -0.570% | |
| S2 | 22.50 | -1.36% | ||
| S3 | 22.46 | -1.53% |
ENO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.344 | 1.43% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.344 | 1.51% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 02, 2023 | $0.344 | 1.50% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jul 01, 2023 | $0.344 | 1.41% |
| 5 | Jun 28, 2023 | Mar 30, 2023 | Apr 01, 2023 | $0.344 | 1.40% |
FAQ
Click here for our free guide on how to buy Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 ETF.
