Entergy Technical Analysis (NYSE:ETR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Entergy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ETR stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Entergy. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Entergy stock analysis.
Entergy Moving Average
Moving averages show the ETR stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $82.1 is below the price of $85.14.
Entergy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Entergy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Entergy bollinger bands show that the stock price is $85.14, upper band is 85.74, lower band is 78.46, and the average is 82.1.
Entergy Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Entergy MACD line is below the signal line.
Entergy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ETR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.