Entergy Mississippi Inc. First Mortgage Stock Forecast

Entergy Mississippi Inc. First Mortgage stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)

EMP Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.0927%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.84 and $23.25. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Entergy Mississippi Inc. First Mortgage stock

Entergy Mississippi Inc. First Mortgage finds support from accumulated volume at $21.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.1000 between high and low, or 0.463%. For the last week the stock has had daily average volatility of 1.55%.

Entergy Mississippi Inc. First Mortgage is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $20.14 (-6.77%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 10 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (EMP) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 to open at $21.63, and during the day (based on 14 day Average True Range), to move between $21.32 and $21.88, which gives a possible trading interval of +/-$0.280 (+/-1.30%) 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 2.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.58 (0.09%) than the resistance at $23.19 (7.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 stock A Buy?

Entergy Mississippi Inc. First Mortgage holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.401 Hold/Accumulate Upgraded

Predicted Opening Price for Entergy Mississippi Inc. First Mortgage Bonds 4.90% Series Due October 1 2066 of Monday, April 22, 2024

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