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Advanced TA SearchArchive
- 4/26/2024 -
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Entergy Corp. (ETR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Entergy Corp. (ETR). During the week, the ETR gave back -0.27 points, or -0.25%, and closed at 106.50 on Friday, April 26, 2024. Weekly volume was 53% above average.
ETR is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ETR long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 126.82 and reached 87.10 on October 3, 2023. ETR lost 39.72 points, or 31.32%, in 75 weeks. The price is now at the 48.84% retracement level.
 Medium-term trend: [See ETR medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 87.10 and reached 108.45 on April 23, 2024. ETR gained -21.35 points, or -24.51%, in 29 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (106.37). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ETR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 27, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See ETR short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 100.38 and reached 108.45 on April 23, 2024. ETR gained -8.07 points, or -8.04%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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