ENO Stock Forecast and Technical Analysis
Sell candidate since 2020-04-01 Loss -0.20% PDF
No changes to the price of Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 in the last trading day ( Tuesday, 7th Apr 2020 ). During the day the stock fluctuated 1.53% from a day low at $24.81 to a day high of $25.19. The price has risen in 5 of the last 10 days and is up by 3.41% over the past 2 weeks.
ENO Stock Price Summary
- 30 day high of the ENO stock price was $26.18 and low was $22.00.
- 90 day high was $26.76 and low was $22.00.
- 52 week high for Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 - $27.76 and low - $22.00.
Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 lies the upper part of a 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 $25.13 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 -10.10% during the next 3 months and, with 90% probability hold a price between $19.30 and $22.59 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 02, 2020, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $24.91 and $25.06. A break-up above any of these levels will issue buy signals.
ENO Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
ENO Support & Resistance
Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 finds support from accumulated volume at $24.29.
ENO 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 $0.38 between high and low, or 1.53%. For the last week, the stock has had a daily average volatility of 2.25%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.25 %Average volatility
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ENO Stock Evaluation
Entergy New Orleans Inc. 1st Mtg Bd 5.50% Ser 04/01/2066 holds several negative signals and is within a wide and 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 stock.
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