Entergy stock: buy or sell
Updated on:
Apr 16th, 2021
1
Entergy stock brief
- Entergy stock moved up 1.35% to close at $105.59 on the stock market today, after 4 consecutive sessions in positive.
- The price is currently higher than the upper Bollinger band, which often indicates a short-term correction
- Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States.
Should I buy Entergy stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your benefits. Trading strategies let us to avoid rash decisions based on our emotions or the noise that surrounds the market. When selling, as well as buying, detailed setups are very simple to follow and are only valid for selling stocks you already own, not for selling short Entergy stock
A golden rule is that you should never keep an investment that yields higher than expected losses upon the buy. When to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Entergy stock?
In the current situation of Entergy there is not any eligible sell setup, so Entergy stock holders with operations in profit can keep their positions
Entergy ratings
In the last 30 days, 3 analyst ratings were published for Entergy
| Brokerage firm | Rating |
|---|---|
| Mar 19th, 2021 | |
| Morgan Stanley | |
| Mar 25th, 2021 | |
| Morgan Stanley | |
| Mar 30th, 2021 | |
| Mizuho | |
Entergy stock analysis
In mid-March, the price broke out over the previous top at $96.83 on the downtrend started in November 2020. Since then, the price action resulted in a 9.05% profit.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Price levels above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme highs or lows. For this case, the price is over the upper band, meaning a possible short-term correction (at least) until it is below the band
Relative strength index
Crossed up the overbought line Thursday, with a reading of 77.43. Crossing up above the overvalued zone is not a sell signal, as stock price can rally during several weeks being above the level of 70
Entergy stock price history
Entergy IPO was on Jun 1st, 1972 priced at $0.00 per share1. Since then, ETR stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Entergy stock at that time, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Entergy stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and many times. Again, these targets are not direct recommendations for small investors and must not be followed blindly.
There are 3 price forecasts published for Entergy that average $112.67. Entergy closed at $105.59 on Thursday, so the target price is expecting a growth by 6.71%.
| Brokerage firm | Price target |
|---|---|
| Mar 19th, 2021 | |
| Morgan Stanley | $106.00 → $109.00 |
| Mar 25th, 2021 | |
| Morgan Stanley | $106.00 → $109.00 |
| Mar 30th, 2021 | |
| Mizuho | $105.00 → $120.00 |
Earnings and financials
Last February, Entergy Corporation ($ETR) posted adjusted EPS for that slightly uplifted Market expectations. Quarterly EPS was $0.71 per share compared to the forecasted $0.66. This quarterly report means an earnings surprise of 7.58%. Turnover resulted of $2.4 billion in contrast to $2.8 billion predicted by analysts.
Same quarter one year ago, reported EPS was $0.68, so current EPS is a gain of 4.41%. Revenue barely changed on an annualized basis in the , from $24.6B to $23.7B last quarter.Entergy ($ETR) is hosting the quarterly earnings call mid next May. Wall Street analysts forecast of $1.17, that is a 64.79% more than Q4.
Entergy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Entergy ($ETR) | 6.80% | 13.00% | 1.00% |
Important note:
The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the particular positions of the reader, his or her own finances 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 Viewpoints are expressed for general educational reasons onlyEntergy summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $104 |
| Close | $105.59 |
| Day range | $103.9 - $105.68 |
| Previous close | $104.18 |
| Session gain | 1.35% |
| Average true range | $1.71 |
| 50d mov avg | $95.45 |
| 100d mov avg | $97.25 |
| 200d mov avg | $98.40 |
| Earnings date | May 10th, 2021 |