Entergy New Orleans Inc. 1st Mtg Bd ETF Forecast
Entergy New Orleans Inc. 1st Mtg Bd ETF price down 1.51% on Thursday
(Updated on Apr 25, 2024)
The Entergy New Orleans Inc. 1st Mtg Bd ETF price fell by -1.51% on the last day (Thursday, 25th Apr 2024) from $23.25 to $22.90. During the last trading day the ETF fluctuated 0.87% from a day low at $22.83 to a day high of $23.03. The price has been going up and down for this period, and there has been a -1.72% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 6 thousand shares were bought and sold for approximately $141.02 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.58% during the next 3 months and, with a 90% probability hold a price between $21.80 and $23.77 at the end of this 3-month period.
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ENO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.96%. 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 New Orleans Inc. 1st Mtg Bd 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 $22.96 and $23.84. 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). Entergy New Orleans Inc. 1st Mtg Bd 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 New Orleans Inc. 1st Mtg Bd ETF
Entergy New Orleans Inc. 1st Mtg Bd finds support from accumulated volume at $22.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.198 between high and low, or 0.87%. For the last week, the ETF has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 to open at $22.92, and during the day (based on 14 day Average True Range), to move between $22.59 and $23.21, which gives a possible trading interval of +/-$0.311 (+/-1.36%) up or down from last closing price. If Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.88 (0.09%) than the resistance at $23.87 (4.24%), 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 New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 ETF A Buy?
Entergy New Orleans Inc. 1st Mtg Bd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.135 Sell Candidate Unchanged
Predicted Opening Price for Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $22.92 ( 0.0907%) | $22.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.12 | 0.95 % | |
| R2 | 23.04 | 0.624 % | ||
| R1 | 23.00 | 0.420 % | ||
| Current price: | 22.90 | |||
| Support | S1 | 22.85 | -0.239 % | |
| S2 | 22.80 | -0.443 % | ||
| S3 | 22.72 | -0.773 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.27 | 5.98 % | |
| R2 | 23.91 | 4.41 % | ||
| R1 | 23.87 | 4.24 % | ||
| Current price | 22.90 | |||
| Support | S1 | 22.88 | -0.0878% | |
| S2 | 22.50 | -1.75% | ||
| S3 | 22.46 | -1.92% |
ENO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.344 | 1.43% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.344 | 1.51% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 02, 2023 | $0.344 | 1.50% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jul 01, 2023 | $0.344 | 1.41% |
| 5 | Jun 28, 2023 | Mar 30, 2023 | Apr 01, 2023 | $0.344 | 1.40% |
FAQ
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