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Uptrend SupportArchive
- 4/19/2024 -
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Entergy Corp. (ETR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Entergy Corp. (ETR). During the week, the ETR gained 3.86 points, or 3.75%, and closed at 106.77 on Friday, April 19, 2024. It was the best weekly gain since November 3, 2023. Weekly volume was 13% 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 49.52% 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 107.21 on April 19, 2024. ETR gained -20.11 points, or -23.09%, in 28 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (106.33). 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. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic 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 107.21 on April 19, 2024. ETR gained -6.83 points, or -6.80%, in 3 days. The price is now at the 6.44% retracement level.
 Daily Technical Indicators: [See ETR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 10, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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