Entergy Mississippi Inc. First Mortgage Stock Forecast
Weaker technical forecast for Entergy Mississippi Inc. First Mortgage as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Entergy Mississippi Inc. First Mortgage stock price fell by -2.11% on the last day (Thursday, 28th Mar 2024) from $23.69 to $23.19. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.33% from a day low at $23.19 to a day high of $23.73. The price has fallen in 6 of the last 10 days and is down by -3.37% for this period. Volume has increased on the last day by 30 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 37 thousand shares were bought and sold for approximately $856.38 thousand.
Given the current short-term trend, the stock is expected to rise 7.85% during the next 3 months and, with a 90% probability hold a price between $25.01 and $26.38 at the end of this 3-month period.
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EMP Signals & Forecast
There are few to no technical positive signals at the moment. The Entergy Mississippi Inc. First Mortgage stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.79 and $23.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.94%. 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). Entergy Mississippi Inc. First Mortgage gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Entergy Mississippi Inc. First Mortgage stock
Entergy Mississippi Inc. First Mortgage finds support from accumulated volume at $22.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.540 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EMP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 to open at $23.37, and during the day (based on 14 day Average True Range), to move between $22.96 and $23.42, which gives a possible trading interval of +/-$0.233 (+/-1.00%) up or down from last closing price. If Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.29 (0.43%) than the support at $22.45 (3.19%), 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 Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 stock A Buy?
The Entergy Mississippi Inc. First Mortgage stock holds several negative signals and despite the positive trend, we believe Entergy Mississippi Inc. First Mortgage will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.073 Sell Candidate Downgraded
Predicted Opening Price for Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.37 ( 0.776%) | $23.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.91 | 3.10 % | |
R2 | 23.70 | 2.22 % | ||
R1 | 23.58 | 1.67 % | ||
Current price: | 23.19 | |||
Support | S1 | 23.16 | -0.113 % | |
S2 | 23.04 | -0.663 % | ||
S3 | 22.83 | -1.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.96 | 3.32 % | |
R2 | 23.67 | 2.07 % | ||
R1 | 23.29 | 0.431 % | ||
Current price | 23.19 | |||
Support | S1 | 22.45 | -3.19% | |
S2 | 22.18 | -4.38% | ||
S3 | 22.01 | -5.09% |
EMP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.306 | 1.32% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.306 | 1.39% |
3 | Sep 28, 2023 | Sep 28, 2023 | Oct 02, 2023 | $0.306 | 1.39% |
4 | Jun 29, 2023 | Jun 29, 2023 | Jul 01, 2023 | $0.306 | 1.38% |
5 | Jun 28, 2023 | Mar 30, 2023 | Apr 01, 2023 | $0.306 | 1.33% |
FAQ
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