EMP Stock Forecast and Technical Analysis
Buy candidate since 2020-04-08 PDF
Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 gained 1.74% in the last trading day ( Wednesday, 8th Apr 2020 ), rising from $24.75 to $25.18 , and has now gained 4 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. During the day the stock fluctuated 4.24% from a day low at $24.51 to a day high of $25.55. The price has been going up and down for this period, and there has been a -1.45% loss 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, 8 767 more shares were traded than the day before. In total, 18 631 shares bought and sold for approximately $469 129.00.
EMP Stock Price Summary
- 30 day high of the EMP stock price was $26.15 and low was $20.26.
- 90 day high was $27.42 and low was $20.26.
- 52 week high for Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 - $27.42 and low - $20.26.
Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $25.47 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.21% during the next 3 months and, with 90% probability hold a price between $17.13 and $21.85 at the end of this period.
Only positive signals in the chart today. Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 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 $24.46 and $24.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 01, 2020, which indicates further gains until a new top pivot has been found. Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 has rising 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.
EMP Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 75 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
EMP Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $23.34 and $21.69.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 finds support just below today's level at $23.34. If this is broken, then the next support from accumulated volume will be at $21.69 and $20.92.
EMP Stock Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.04 between high and low, or 4.24%. For the last week, the stock has had a daily average volatility of 2.93%.
Our recommended stop-loss: $23.98 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
2.93 %Average volatility
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EMP Stock 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 analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
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