CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
USA - NYSE:ED - US2091151041 - Common Stock
We assign a technical rating of 2 out of 10 to ED. ED has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 99.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.30, a Stop Loss order could be placed below this zone.
More info and screens
86.14
We found 4 important support areas.
- A support zone ranging from 96.65 to 99.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.57 from a horizontal line in the daily time frame.
- Support @89.68 from a horizontal line in the weekly time frame.
- A support zone ranging from 87.01 to 88.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 99.70 to 101.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for ED is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ED is neutral. |
| ChartMill Relative Strength | 44.1 | NEUTRAL | ED is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ED is above a declining 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) | UP | MIXED | The current price of ED is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.66 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.3 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 19.25 | NEGATIVE | The low ADX value for ED suggests a weak or negative trend. |
99.59
+1.35 (+1.37%)
CONSOLIDATED EDISON INC / ED FAQ
Can you provide the ChartMill technical rating for CONSOLIDATED EDISON INC?
ChartMill assigns a technical rating of 2 / 10 to ED.
What is the trend direction for ED stock?
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 52.6587. This indicates that the stock is currently neutral.
What is the short term momentum for CONSOLIDATED EDISON INC (ED) stock?
The short term momentum for CONSOLIDATED EDISON INC (ED) is neutral.