Entergy Arkansas Inc. First Mortgage ETF Forecast

Entergy Arkansas Inc. First Mortgage ETF downgraded to Sell Candidate
(Updated on Apr 22, 2024)

EAI Signals & Forecast

There are mixed signals in the ETF today. The Entergy Arkansas Inc. First Mortgage ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $22.62. On a fall, the ETF will find some support from the short-term average at $21.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.85%. Further rise is indicated until a new top pivot has been found.

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

Entergy Arkansas Inc. First Mortgage finds support from accumulated volume at $21.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0800 between high and low, or 0.373%. For the last week the ETF has had daily average volatility of 1.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EAI) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 to open at $21.51, and during the day (based on 14 day Average True Range), to move between $21.22 and $21.78, which gives a possible trading interval of +/-$0.278 (+/-1.29%) 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 2.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.43 (0.33%) than the resistance at $22.58 (5.02%), 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 Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 ETF A Buy?

Entergy Arkansas Inc. First Mortgage holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.623 Sell Candidate Downgraded

Predicted Opening Price for Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 of Tuesday, April 23, 2024

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