Momentum

Resistance

Million

Gains

<ul class="list-ic vertical">
 <li><span>1</span> <a>ETR stock conducted a relief rally in yesterday’s trading session.</a></li>
 <li><span>2</span> <a>Buyers have gained traction and are looking for a breakout.</a></li>
</ul>
<p>Entergy Corporation (NYSE: ETR) ETR stock has surpassed the 20 day and 50 day EMA and surged over 3.70% in the last trading session. Moreover, the price action indicates that ETR stock price is close to the trendline of $95, and that buyers are trying to surpass the hurdle. ETR stock has flipped the trend to neutrality and is trying to make a higher high candlestick beyond the swing hurdle of $95. Recently, ETR stock bounced from the support zone of $85 and pulled back sharply.</p>
<p>ETR stock has surpassed the 20 day EMA and is close to the 50 day EMA, while facing the trendline hurdle of $95. In case of follow-on buying, a sharp breakout will arise and ETR stock will go towards the 100 day EMA near $97, followed by the 200 day EMA zone near $100. Per the options chain data, at the strike price of $90, open interest of 310 hundred shares on the put side, whereas 101 hundred shares on the call side (Data from the Nasdaq.com). This chain indicates that $90 is the immediate strong support zone. Conversely, $95 is the make or break zone, if surpasses leads to a breakout, if rejection comes, will again retest the lows of $85.</p>
<p>At press time, ETR stock price was trading at $94.77 with an intraday gain of 3.71% showing bullishness in yesterday’s trading session. Moreover, the trading volume increased by 1.23% to 2.576 Million and the market cap is $20.04 Billion. Furthermore, analysts have maintained a buy rating with a yearly target price of $106.39.</p>
<p>Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants and sells electric power.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-will-etr-stock-succeed-in-escaping-trendline-of-95-strong"><strong>Will ETR Stock Succeed in Escaping Trendline of $95?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/wZyE5iC1tnvK7_wRZUKaORHJRuFmooLM77q23qyMM6pSY_piJa9CHovqMZMq5g3lon4u_hpSCEMDgKpKBUYzLAn_RgQ6_Fk2RRb4yfVytzKTA7C4KXKGZD30fF0xnUnIkU7FIo-bvmIm8NDcDkf4gqg" alt="ETR Stock (NYSE: ETR) Gains Momentum Ahead of Q3 Results">
  <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/chart/vVtQEsVt/?symbol=NYSE%3AETR" rel="noopener noreferrer nofollow">ETR/NYSE Chart By TradingView</a>
  </figcaption>
 </figure>
</div>
<p>On the daily charts, <a href="https://www.thecoinrepublic.com/2023/08/17/entergy-corp-etr-stock-facing-selloff-will-it-recapture-100/" rel="noopener noreferrer nofollow">ETR stock price</a> has surpassed the barrier of $93 and witnessed buying interest in the last trading session. Moreover, the price action indicates that ETR stock is trading close to the breakout region near $95. Furthermore, the ETR stock rebounded from the 38.2% Fibonacci retracement level and surpassed the 50% Fib zone in the yesterday’s session. Conversely, the 61.8% zone is near $96, which acts as an immediate hurdle.</p>
<p>The RSI curve stayed near neutrality and formed a positive crossover and witnessed a buying interest in the last session. The MACD shows a bullish crossover and green bars on the histogram suggesting a positive outlook for the upcoming sessions.</p>
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4>
<p>ETR stock price is trading close to the trendline barrier of $95 and has surpassed the 20 day EMA. Moreover, the price action highlights the long buildup activity. The chart also shows the reversal from the support zone of $85.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $90 and $87</p>
<p>Resistance Levels: $95 and $100</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

ETR Stock (NYSE: ETR) Gains Momentum Ahead of Q3 Results

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Thecoinrepublic.com

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