Entergy Arkansas Inc. First Mortgage 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
Red day on Thursday for Entergy Arkansas Inc. First Mortgage
(Updated on Apr 25, 2024)
The Entergy Arkansas Inc. First Mortgage ETF price fell by -1.44% on the last day (Thursday, 25th Apr 2024) from $21.55 to $21.24. During the last trading day the ETF fluctuated 1.61% from a day low at $21.15 to a day high of $21.49. The price has been going up and down for this period, and there has been a -2.16% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -8 thousand shares and in total, 56 thousand shares were bought and sold for approximately $1.19 million.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.93 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -5.86% during the next 3 months and, with a 90% probability hold a price between $19.70 and $21.54 at the end of this 3-month period.
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EAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.616%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. 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 $21.44 and $22.50. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Entergy Arkansas Inc. First Mortgage ETF
Entergy Arkansas Inc. First Mortgage finds support from accumulated volume at $21.11 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 $0.340 between high and low, or 1.61%. For the last week the ETF has had daily average volatility of 0.89%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 to open at $21.29, and during the day (based on 14 day Average True Range), to move between $20.96 and $21.52, which gives a possible trading interval of +/-$0.279 (+/-1.31%) 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 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.11 (0.61%) than the resistance at $21.55 (1.46%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.219 Sell Candidate Unchanged
Predicted Opening Price for Entergy Arkansas Inc. First Mortgage Bonds 4.875% Series Due September 1 2066 of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $21.29 ( 0.251%) | $21.24 |
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 | 21.63 | 1.85 % | |
| R2 | 21.50 | 1.24 % | ||
| R1 | 21.42 | 0.86 % | ||
| Current price: | 21.24 | |||
| Support | S1 | 21.16 | -0.360 % | |
| S2 | 21.08 | -0.738 % | ||
| S3 | 20.95 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.63 | 6.54 % | |
| R2 | 22.58 | 6.31 % | ||
| R1 | 21.55 | 1.46 % | ||
| Current price | 21.24 | |||
| Support | S1 | 21.11 | -0.612% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 03, 2024 | $0.305 | 1.43% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.305 | 1.33% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 01, 2023 | $0.305 | 1.42% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 01, 2023 | $0.305 | 1.39% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 01, 2023 | $0.305 | 1.34% |
FAQ
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