Long Term Trading Analysis for (ETR)

October 29, 2024, 12:54 PM ET, BY Jolene W. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for ETR

• Buy ETR near 133.19. Target – stop loss at 132.81. Details

The technical summary data tells us to buy ETR at 133.19, but there is no current upside target in the summary table. In this case, we should wait until either an update to the summary table has been made (which usually happens at the beginning of each trading day) or until the position has been stopped. The data tells us that we should set a stop loss at 132.81 to protect ourselves from excessive losses in case the stock starts moving against the trade. 133.19 is the first level of support below 134.88 and basically any test of support is a buy signal. In this case, if the 133.19 support is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing trading plans for ETR

• Buy ETR just above 136.49, target 138.68, stop loss at 136.1 Details

If 136.49 starts to break higher, the technical summary data tells us to buy ETR just above 136.49 with an upside target of 138.68. The data also tells us to set a stop loss at 136.1 in case the stock turns against the trade. 136.49 is the first resistance level above 134.88 and basically any break above resistance is a buy signal. In this case, 136.49, the initial resistance, would break to the upside, giving a buy signal. Since this plan is based on a resistance break, it is called a long resistance plan.

• Short ETR slightly near 136.49, target 133.19, stop loss at 136.88. Details

Technical summary data suggests ETR should be short if it tests 136.49, with a downside target of 133.19. However, we should have a stop loss at 136.88 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if the resistance 136.49 is tested, a short signal is present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for ETR

• Buy ETR just above 136.16, target 136.49, stop loss at 135.84 Details

If 136.16 starts to break higher, the technical summary data tells us to buy ETR just above 136.16 with an upside target of 136.49. The data also tells us to set a stop loss at 135.84 in case the stock turns against the trade. 136.16 is the first resistance level above 134.88 and basically any break above resistance is a buy signal. In this case, 136.16, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short ETR slightly near 136.16, target 133.19, stop loss at 136.48. Details

Technical summary data suggests ETR should be short if it tests 136.16, with a downside target of 133.19. However, we should have a stop loss at 136.48 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if resistance 136.16 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Entergy Corporation (ETR) available here: ETR.

ETR ratings for October 29th:

AI generated signals for ETR

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Entergy Corporation (NYSE: ETR) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for ETR change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when ETR tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to serve as a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for ETR. All of this is offered below the overview table.