Entergy stock: buy or sell
Updated on:
Jan 27th, 2021
1
Entergy stock brief
- Entergy closed on Tuesday at $94.69 after only moving a -0.06%.
- Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States.
Should I buy Entergy stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ETR stock a buy?
Currently, Entergy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ETR will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Entergy stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies give us the ability us to avoid impetuous decisions based on our personal sentiments or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for selling short Entergy stock
As a golden rule, you should never hold an operation that generates greater losses than those expected at the time of purchase. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Entergy stock?
Currently, Entergy stock doesn't match any of our preferred sell setups, so if you hold Entergy stock and your operation is in profit probably is not time to sell now
Entergy ratings
In the last month, 3 analyst ratings were published for Entergy. General sentiment is bullish, with 2 out of 3 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Jan 12th, 2021 | |
| KeyCorp | Buy |
| Jan 20th, 2021 | |
| Morgan Stanley | |
| Jan 21st, 2021 | |
| Evercore ISI | Neutral → Buy |
Entergy stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on January 12, the price rebounded by 3.17%
Relative strength index
The RSI broke out the oversold level of 30 in late December after just being in the oversold zone for 1 day (what can be considered a strength signal). The RSI value on Tuesday was 41.43
Entergy stock price history
Entergy went public on Jun 1st, 1972 priced at $0.00 per share1. Since then, ETR stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Entergy stock on Jun 1972, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Entergy stock
Nobody can predict how much a share will be priced tomorrow. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and usually. If you are a small trader you should not trade based on these projections.
Averaging all price targets exposed below, the estimated price for Entergy stock is $112.00. Entergy closed at $94.69 on Tuesday, so the target price is expecting an increase by 18.28%.
| Brokerage firm | Price target |
|---|---|
| Jan 12th, 2021 | |
| KeyCorp | $125.00 → $115.00 |
| Jan 20th, 2021 | |
| Morgan Stanley | $111.00 → $109.00 |
| Jan 21st, 2021 | |
| Evercore ISI | Not available |
Earnings and financials
Last October, Entergy Corporation ($ETR) reported EPS for that matched Wall St. expectations. Quarterly EPS was $2.44 per share vs the estimates of $2.42. Company's sales was $2.9 billion compared to $3.3 billion estimated by market consensus.
For comparison, the EPS for the same quarter last year was $2.52, so reported EPS means a drop of -3.17%. Sales went down a -7.55% on an annualized basis in the , from $31.4B to $29.0B last quarter.Entergy ($ETR) is presenting Q4 earnings report mid next February. Expected for this quarter is $0.66, compared to $2.44 that was reported for Q3.
Entergy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Entergy ($ETR) | -1.00% | -11.50% | -4.80% |
Please read:
The comments published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the particular situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for general educational reasons onlyEntergy summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $95.04 |
| Close | $94.69 |
| Day range | $94.26 - $95.45 |
| Previous close | $94.75 |
| Session gain | -0.06% |
| Average true range | $2.44 |
| 50d mov avg | $101.66 |
| 100d mov avg | $101.59 |
| 200d mov avg | $99.25 |
| Earnings date | February 17th, 2021 |