Entergy New Orleans Inc ETF Forecast

Entergy New Orleans Inc ETF price down 0% on Monday
(Updated on Apr 20, 2020)

ENJ Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Entergy New Orleans Inc ETF 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 $25.57 and $25.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Entergy New Orleans Inc ETF

Entergy New Orleans Inc finds support from accumulated volume at $25.15 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.120%

Our recommended stop-loss: $1.27 (-5.00%) (Unable to calculate.)

Trading Expectations (ENJ) For The Upcoming Trading Day Of Tuesday 21st

With no resistance above and support from accumulated volume @ $25.15, some $0.220 (0.87%) from the current price of $25.37, our system finds the risk reward attractive.

Is Entergy New Orleans Inc ETF A Buy?

Entergy New Orleans Inc 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Entergy New Orleans Inc of Tuesday, April 21, 2020

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