Entergy Louisiana Inc. Collateral Trust ETF Forecast

$23.11
+0.0666 (+0.289%)
At Close: Mar 27, 2024
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Entergy Louisiana Inc. Collateral Trust ETF price ended at $23.11 on Wednesday, after gaining 0.289%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 19, 2024 Gain 5.27% PDF

The Entergy Louisiana Inc. Collateral Trust ETF price gained 0.289% on the last trading day (Wednesday, 27th Mar 2024), rising from $23.04 to $23.11. During the last trading day the ETF fluctuated 0.391% from a day low at $23.04 to a day high of $23.13. The price has fallen in 6 of the last 10 days and is down by -1.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $326.01 thousand.

The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 9.65% during the next 3 months and, with a 90% probability hold a price between $25.30 and $25.99 at the end of this 3-month period.

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ELC Signals & Forecast

The Entergy Louisiana Inc. Collateral Trust ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $23.16. On a fall, the ETF will find some support from the long-term average at approximately $22.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Entergy Louisiana Inc. Collateral Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -1.08%. 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).

Support, Risk & Stop-loss for Entergy Louisiana Inc. Collateral Trust ETF

Entergy Louisiana Inc. Collateral Trust finds support from accumulated volume at $22.67 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 $0.0900 between high and low, or 0.391%. For the last week the ETF has had daily average volatility of 0.95%.

Our recommended stop-loss: $22.16 (-4.12%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (ELC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 to open at $23.09, and during the day (based on 14 day Average True Range), to move between $22.92 and $23.29, which gives a possible trading interval of +/-$0.185 (+/-0.80%) up or down from last closing price. If Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.21 (0.45%) than the support at $22.67 (1.89%), 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 Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Entergy Louisiana Inc. Collateral Trust ETF to perform well in the short-term.

Current score: 3.473 Buy Candidate Unchanged

Predicted Opening Price for Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.09 ( 0.0623%) $23.11

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ELC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.18 0.327 %
R2 23.15 0.178 %
R1 23.13 0.0865 %
Current price: 23.11
Support S1 23.06 -0.211 %
S2 23.04 -0.303 %
S3 23.00 -0.452 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.36 1.10 %
R2 23.33 0.96 %
R1 23.21 0.447 %
Current price 23.11
Support S1 22.67 -1.89%
S2 21.34 -7.65%
S3 21.31 -7.78%

ELC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Feb 28, 2024 Mar 01, 2024 $0.301 1.32%
2 Nov 29, 2023 Nov 29, 2023 Dec 01, 2023 $0.305 1.41%
3 Aug 30, 2023 Aug 30, 2023 Sep 01, 2023 $0.305 1.40%
4 May 30, 2023 May 30, 2023 Jun 01, 2023 $0.305 1.30%
5 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 $0.0100 0.0432%

FAQ

What is the symbol for Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF and on which exchange is it traded?
The symbol for Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 is ELC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Entergy Louisiana Inc. Collateral Trust ETF to perform well in the short-term.

How to buy Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF?
Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF.

What's the current price of Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF?
As of the end of day on the 2024-03-27, the price of an Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 (ELC) share was $23.11.

What is the 52-week high and low for Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF?
The 52-week high for Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF is $24.00 and the 52-week low is $19.86.

What is the market capitalization of Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 ETF?
As of the 2024-03-27, the market capitalization of Entergy Louisiana Inc. Collateral Trust Mortgage Bonds 4.875 % Series due September 1 2066 is 21.888B.
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