Entergy Louisiana, LLC Forecast and Stock Analysis
Technical ELA.L stock analysis for February 18, 2019.
Entergy Louisiana, LLC gained 1.20% in the last trading day, rising from £124.50 to £126.00 , and has now gained 3 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. The price has risen in 5 of the last 10 days and is up by 0.8% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 34 131 more shares were traded than the day before. In total, 119 330 shares bought and sold for approximately £15.04 million.
Close price at the end of the last trading day (Monday, 18th Feb 2019) of the ELA.L stock was £126.00. This is 1.2% more than the trading day before Friday, 15th Feb 2019.
During day the stock fluctuated 0.40% from a day low at £125.50 to a day high of £126.00.
30 day high of the ELA.L stock price was £135.00 and low was £121.00.
90 day high was £135.00 and low was £98.00.
52 week high for the Entergy Louisiana, LLC - £138.50 and low - £77.00.
Entergy Louisiana, LLC lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.86% during the next 3 months and, with 90% probability hold a price between £142.04 and £168.81 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. In addition, 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 £123.64 and £121.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, 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 50 and the stock is currently not being overbought or oversold
Support & Resistance
Entergy Louisiana, LLC finds support from accumulated volume at £125.50.
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 £0.50 (0.40%) between high and low. For the last week, the stock has had a daily average volatility of 1.30%.
Our recommended stoploss: £119.58 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Entergy Louisiana, LLC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.