ELA.L - Entergy Louisiana, LLC

Exchange: XLON

ELA.L - Entergy Louisiana, LLC

Exchange: XLON
#1403()/7600

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 6.49%
PRICE £123.00
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Entergy Louisiana, LLC Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-18

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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Monday September 17, 2018 with a target of £118.22. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Entergy Louisiana, LLC finds support from accumulated volume at £121.00.

Support: £121.00 Price: £123.00 Resistance: £124.00

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Buy Candidate

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