Tue 18'th Sep 2018
Entergy Louisiana, LLC Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
Entergy Louisiana, LLC gained 6.49% in the last trading day, rising from £115.50 to £123.00 The price has been going up and down for this period, and there has been a 4.24% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14 823 more shares were traded than the day before. In total, 297 874 shares bought and sold for approximately £36.64 million.
Entergy Louisiana, LLC lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.55% during the next 3 months and, with 90% probability hold a price between £105.42 and £124.28 at the end of this period.
Only positive signals in the chart today. Entergy Louisiana, LLC holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £118.14 and £122.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Entergy Louisiana, LLC finds support from accumulated volume at £121.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £6.00 (5.13%) between high and low. For the last week, the stock has had a daily average volatility of 2.58%.
Our recommended stoploss: £118.46 (-3.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Buy Candidate.Click for Top 5 Buy Candidates
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