ETR closes higher for the 2nd day in a row


Entergy Corp. (ETR) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
ETR closes below its opening price unable to hold early session gains
ETR closes higher for the 2nd day in a row
ETR closes within previous day's range after lackluster session
ETR ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, ETR finished the week -0.45% lower at 83.39 after edging higher $0.06 (0.07%) today. Trading $0.61 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for ETR
Volatility

Friday's trading range was $0.81 (0.97%), that's below last trading month's daily average range of $1.23. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Support/Resistance

Prices are trading close to the key resistance level at 84.29.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the close-by swing high at 84.29 where further buy stops might get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Entergy Corp.
Condition Forecast Direction Win Avg Worst Best Events
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

ETR rallies 1.19% closing $1.00 higher

Aug 16, 2018
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