CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ED - US2091151041 - Common Stock
99.21 USD
-0.97 (-0.97%)
99.21 USD
0 (0%)
Taking everything into account, ED scores 5 out of 10 in our technical rating. In the past year, ED was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ED has a been trading in the 95.39 - 101.27 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
ED has an average volume of 2176280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ED turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
ED is an average performer in the Multi-Utilities industry, it outperforms 64% of 26 stocks in the same industry.
ED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ED is lagging the market.
ED has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
86.14
106.77
3 important support areas can be observed.
- A support zone ranging from 97.50 to 99.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 95.41 to 95.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 87.01 to 88.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 99.25 to 99.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @101.50 from a trend line in the daily time frame.
- Resistance @103.59 from a horizontal line in the daily time frame.
- Resistance @105.71 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ED is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ED is up. |
| ChartMill Relative Strength | 49.8 | NEUTRAL | ED is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ED is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.94 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.37 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 10.7 | NEGATIVE | The low ADX value for ED suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
99.21
-0.97 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.97%
1 Week-0.78%
2 Weeks-0.32%
1 Month3.98%
3 Month-3.11%
6 Month-1.37%
12 Month12.55%
2 Year9.14%
3 Year4.09%
5 Year40.17%
10 Year42.97%
15 Year98.78%
Volatility
ATR(14)1.47
ATR(20)%1.56%
ATR Inc43.35%
Range Today1.8
ADR(20)1.52
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.8
3 months CRS28.01
6 months CRS30.68
Mansfield-1.29
10 Day High101.27
10 Day Low96.96
20 Day High101.27
20 Day Low95.39
52 Week High114.87
52 Week Low87.28
CS1 End99.07
CR1 Start99.25
Volume & EV
DER(3)0.64%
DER(5)-0.65%
Volume1.35M
Volume Incr-8.71%
Vol(5)1.69M
Vol(50)2.18M
CONSOLIDATED EDISON INC / ED FAQ
Can you provide the ChartMill technical rating for CONSOLIDATED EDISON INC?
ChartMill assigns a technical rating of 5 / 10 to ED.
Can you provide the trend direction for CONSOLIDATED EDISON INC?
The current trend direction for CONSOLIDATED EDISON INC (ED) is Bearish.
What is the RSI signal for ED stock?
CONSOLIDATED EDISON INC (ED) has an RSI value of 50.9352. This indicates that the stock is currently neutral.
What is the short term momentum for ED stock?
The short term momentum for CONSOLIDATED EDISON INC (ED) is positive.