Entergy Corporation Stock Forecast
Entergy Corporation stock price ended at $107.45 on Monday, after gaining 0.637%.
(Updated on Apr 22, 2024)
The Entergy Corporation stock price gained 0.637% on the last trading day (Monday, 22nd Apr 2024), rising from $106.77 to $107.45. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.02% from a day low at $105.69 to a day high of $107.83. The price has been going up and down for this period, and there has been a 1.6% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 211 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $211.62 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $107.32, a level that may pose a second chance to hit a runner. According to fan-theory $113.58 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ETR Signals & Forecast
The Entergy Corporation stock 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 $103.85 and $103.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.80%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Entergy Corporation stock
Entergy Corporation finds support from accumulated volume at $106.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.14 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: $103.30 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ETR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Entergy Corporation to open at $106.99, and during the day (based on 14 day Average True Range), to move between $105.56 and $109.34, which gives a possible trading interval of +/-$1.89 (+/-1.76%) up or down from last closing price. If Entergy Corporation takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $106.77, some $0.680 (0.63%) from the current price of $107.45, our system finds the risk reward attractive.
Earnings coming up
Entergy Corporation will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.40. We will update the financials statements for Entergy Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.07% in the first trading day after earnings release.
Is Entergy Corporation stock A Buy?
Entergy Corporation holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.320 Strong Buy Candidate Unchanged
Predicted Opening Price for Entergy Corporation of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$106.99 ( 0.428%) | $107.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 109.13 | 1.56 % | |
R2 | 108.31 | 0.80 % | ||
R1 | 107.81 | 0.333 % | ||
Current price: | 107.45 | |||
Support | S1 | 106.17 | -1.19 % | |
S2 | 105.67 | -1.66 % | ||
S3 | 104.85 | -2.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 107.45 | |||
Support | S1 | 106.77 | -0.633% | |
S2 | 102.50 | -4.61% | ||
S3 | 99.60 | -7.31% |
ETR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 01, 2024 | Jun 03, 2024 | $1.13 | 1.05% |
2 | Jan 26, 2024 | Feb 09, 2024 | Mar 01, 2024 | $1.13 | 1.12% |
3 | Jan 26, 2024 | Feb 08, 2024 | Mar 01, 2024 | $1.13 | 1.12% |
4 | Oct 27, 2023 | Nov 13, 2023 | Dec 01, 2023 | $1.13 | 1.11% |
5 | Jul 28, 2023 | Aug 10, 2023 | Sep 01, 2023 | $1.07 | 1.13% |
FAQ
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