Entergy Arkansas Inc. First Mortgage ETF Forecast
Weaker technical forecast for Entergy Arkansas Inc. First Mortgage as ETF downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Entergy Arkansas Inc. First Mortgage ETF price fell by -2.67% on the last day (Thursday, 28th Mar 2024) from $23.25 to $22.63. During the last trading day the ETF fluctuated 3.09% from a day low at $22.63 to a day high of $23.33. The price has fallen in 5 of the last 10 days and is down by -3.08% for this period. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 87 thousand shares were bought and sold for approximately $1.98 million.
Given the current short-term trend, the ETF is expected to rise 8.82% during the next 3 months and, with a 90% probability hold a price between $24.62 and $25.95 at the end of this 3-month period.
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EAI Signals & Forecast
There are few to no technical positive signals at the moment. The Entergy Arkansas Inc. First Mortgage ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.21 and $23.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -3.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Entergy Arkansas Inc. First Mortgage ETF
Entergy Arkansas Inc. First Mortgage finds support from accumulated volume at $21.51 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 $0.700 between high and low, or 3.09%. For the last week the ETF has had daily average volatility of 1.31%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 to open at $22.86, and during the day (based on 14 day Average True Range), to move between $22.40 and $22.86, which gives a possible trading interval of +/-$0.228 (+/-1.01%) 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 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.93 (1.33%) than the support at $21.51 (4.95%), 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?
The Entergy Arkansas Inc. First Mortgage ETF holds several negative signals and despite the positive trend, we believe Entergy Arkansas Inc. First Mortgage will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -2.635 Sell Candidate Downgraded
Predicted Opening Price for Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$22.86 ( 1.03%) | $22.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.56 | 4.12 % | |
R2 | 23.30 | 2.94 % | ||
R1 | 23.13 | 2.21 % | ||
Current price: | 22.63 | |||
Support | S1 | 22.60 | -0.151 % | |
S2 | 22.43 | -0.88 % | ||
S3 | 22.16 | -2.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.37 | 3.27 % | |
R2 | 23.07 | 1.94 % | ||
R1 | 22.93 | 1.33 % | ||
Current price | 22.63 | |||
Support | S1 | 21.51 | -4.95% | |
S2 | 21.43 | -5.30% | ||
S3 | 21.35 | -5.66% |
EAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.305 | 1.33% |
2 | Nov 29, 2023 | Nov 29, 2023 | Dec 01, 2023 | $0.305 | 1.42% |
3 | Aug 30, 2023 | Aug 30, 2023 | Sep 01, 2023 | $0.305 | 1.39% |
4 | May 30, 2023 | May 30, 2023 | Jun 01, 2023 | $0.305 | 1.34% |
5 | May 26, 2023 | Feb 27, 2023 | Mar 01, 2023 | $0.305 | 1.37% |
FAQ
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