ETR closes higher for the 2nd day in a row
Entergy Corporation (ETR) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (ETR as at Aug 10, 2018):
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.
Prices are trading close to the key resistance level at 84.29.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could speed up should prices move above the close-by swing high at 84.29 where further buy stops might get activated.