When the Price of (ETR) Talks, People Listen
February 27, 2024, 15:00 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ETR
- Buy ETR slightly over 96.76 target 102.23 stop loss @ 96.48 Details
The technical summary data tells us to buy ETR near 96.76 with an upside target of 102.23. This data also tells us to set a stop loss @ 96.48 to protect against excessive loss in case the stock begins to move against the trade. 96.76 is the first level of support below 100.42 , and by rule, any test of support is a buy signal. In this case, support 96.76 is being tested, a buy signal would exist.
- Short ETR slightly under 102.23, target 96.76, stop loss @ 102.53 Details
The technical summary data is suggesting a short of ETR as it gets near 102.23 with a downside target of 96.76. We should have a stop loss in place at 102.53though. 102.23 is the first level of resistance above 100.42, and by rule, any test of resistance is a short signal. In this case, if resistance 102.23 is being tested, a short signal would exist.
Swing Trading Plans for ETR
- Buy ETR slightly over 101.06, target 102.23, Stop Loss @ 100.77 Details
If 101.06 begins to break higher, the technical summary data tells us to buy ETR just slightly over 101.06, with an upside target of 102.23. The data also tells us to set a stop loss @ 100.77 in case the stock turns against the trade. 101.06 is the first level of resistance above 100.42, and by rule, any break above resistance is a buy signal. In this case, 101.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ETR slightly near 101.06, target 96.76, Stop Loss @ 101.35. Details
The technical summary data is suggesting a short of ETR if it tests 101.06 with a downside target of 96.76. We should have a stop loss in place at 101.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 101.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ETR
- Buy ETR slightly over 100.52, target 101.06, Stop Loss @ 100.29 Details
If 100.52 begins to break higher, the technical summary data tells us to buy ETR just slightly over 100.52, with an upside target of 101.06. The data also tells us to set a stop loss @ 100.29 in case the stock turns against the trade. 100.52 is the first level of resistance above 100.42, and by rule, any break above resistance is a buy signal. In this case, 100.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ETR slightly near 100.52, target 96.76, Stop Loss @ 100.75. Details
The technical summary data is suggesting a short of ETR if it tests 100.52 with a downside target of 96.76. We should have a stop loss in place at 100.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 100.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Entergy Corporation (ETR) available here: ETR.
ETR Ratings for February 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
91.09 |
| P2 |
100.52 |
101.06 |
96.76 |
| P3 |
102.25 |
103.04 |
102.23 |
AI Generated Signals for ETR
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Entergy Corporation (NYSE: ETR) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for ETR can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ETR:
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