ETR crossed monthly supplyEntergy Corporation (ETR) crossed monthly supply.
XLU (Utilities ETF) is also trending up with daily resistance which I expect XLU will cross tomorrow morning.
ETR trade ideas
ATR: move downside potential?A price action below 93.00 supports a bearish trend direction.
Increase short exposure for a break below 91.00.
The target price is set at 88.00.
The stop-loss price is set at 96.00.
Remain in a declining channel pattern, whereby lower highs and lower lows are applicbale.
$ETR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ETR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
ETR: back to its 200-day sma?A price action below 119.00 supports a bearish trend direction.
Crossing above this level will negate the bearish stance.
Possible M-top pattern busy unfolding?
Further bearish trend support below 119.50?
Consolidation price range from 116.00 to 118.00
Crossing below 116.00 might target 114.00.
Crossing above 118.00 will be the first sign of pending strength.
ETR - A Nice Cup and Handle Pattern A classic cup and handle pattern formation
This formation loves to break out to the upside after complete formation
Triangle Play that I missed...This was on a watchlist I created for triangle breakouts, but I forgot to set an ALERT. I got busy watching other things and making other lists. This would have paid nicely after the break.
Lesson Learned... The alerts are there to help you! SET AN ALERT & make money.
Lesson Learned.. If your working on a new strategy then commit to it. Follow it. Track it. Watch It. Work it!
Pay offs like this can make your year.
ETR BreakoutETR Break out of 17 Month Long Ascending Triangle
Recent dips held by 200 DMA
Breakout happened with high volume
Pays out Dividends
Long on EntergyAll of the energy stocks have been falling for few weeks. All of them have a good dividen yield and as per harmonic patterns, we see a reversal @ 95.13 , first target should be 99. Also the stock has strong support between 94-95 and it has bounced to 105. Hope it does this time too.
ETR , LONGThis is a utilities sector play I like for a short term hold. Looking at the XLU eft (utilites) we can see there is a good possibility of upside potential in utilities sector and in terms of exploiting value investing opportunities I think XLU related stocks are a good option to consider. .
What I do not like is the debt over equity for this company (current 2.05) with the quick ratio at only 0.4 . Also , they have a lower forecasted eps next year and have been experiencing a slight downtrend in revenue . None the less , this is still a 10 billion dollar market cap company that pays a 3.97% dividend, generates positive net earnings and I think is good undervalued play . Technicals look supportive of a long entry as well .
Good luck~
New support range for ETR on watchETR has been trading within that $91 - $105 trading range since April.
The stock is just starting to show confirmation of breaking out and remaining above prior resistance. If this stays the case through next week, we've got ourselves a new trading range for November and potentially through year's end, next resistance @$121.
Earnings were good despite significant natural disaster challenges throughout the year. Their exposure to renewables could give them extra legroom with a Democratic government.
Any ideas on when we can see this stock back towards its ATH?
Pls like and comment below,
InvestEmi
(*This is not financial advice, for conversational use only*)
BIG Potential For ENTERGY CORP Hey people, ENTERGY CORP is in a bearish fake dynamic with low volume of executed purchases and an inverted hammer bull candle. On the TIMEFRAME M1 a bull dash so we have a great possibility breakout of the stabilization zone. Then go to the other to look for the last precedent higher to fill a bearish gap. But not enough buying power at the moment.
Please LIKE & FOLLOW, thank you!
ETR 5 Month #Rectangle #ChartPatternA 5 months consolidation pattern (low volatility period) will ultimately lead to a trend.
ETR: Favorite algorithmic stock, on verge of technical breakout NYSE:ETR ETR is a value stock benefitting from end of power outages in several southern stated hit by hurricanes Marco and Laura and promising good financial results on October 30 or close to that day. Based on very simple chart backtesting, it is easy to conclude, that after 2-3% downward price correction, ETR is seeing the new highs as shown.
$ETR:NYSE - ENTERGY - Up 30% YTD and trending nicelyGood looking stock with a beautifully trending chart. Up 30% YTD and doesn't look to be slowing down. Possibly defensive. Worth a watch.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. As of December 31, 2016, the Company owned and operated power plants with over 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity.
Utilities reversal?Rising interest rates put utilities under pressure.
Ideal scenario is a test of the 200 EMA with intraday reversal, bullish candle close and XLB showing some signs of bottom as well.
The lower border of the trend coincides with the lower bound of Ichimoku Cloud and the next level of pivots.
