ELC Stock Entergy Louisiana (ELC, $21.31) RSI Indicator left the oversold zone on December 30, 2024
at Tickeron.com
ELC in +1.71% Uptrend, rising for three consecutive days on January 27, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ELC advanced for three days, in of 297 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 23, 2025. You may want to consider a long position or call options on ELC as a result. In of 106 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ELC just turned positive on January 17, 2025. Looking at past instances where ELC's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
ELC moved below its 50-day moving average on January 29, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ELC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ELC broke above its upper Bollinger Band on January 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ELC entered a downward trend on January 06, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
