CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ED • US2091151041
We assign a technical rating of 8 out of 10 to ED. Although ED is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- ED is part of the Multi-Utilities industry. There are 26 other stocks in this industry. ED outperforms 72% of them.
- ED is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ED is lagging the market slightly.
- In the last month ED has a been trading in the 98.24 - 110.60 range, which is quite wide. It is currently trading near the high of this range.
- ED has an average volume of 1935480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ED outperforms 65% of them, which is more or less in line with the market.
ED has an excellent technical rating, but the quality of the setup is only medium 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
94.46
2 important support areas can be observed.
- A support zone ranging from 98.05 to 104.36. 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 96.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ED is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ED is up. |
| ChartMill Relative Strength | 65.15 | 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 | MIXED | The current price of ED is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.96 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests ED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.88 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 25.31 | POSITIVE | The high ADX value value for ED suggests a strong trend. |
107.34
-1.53 (-1.41%)
CONSOLIDATED EDISON INC / ED FAQ
Can you provide the ChartMill technical rating for CONSOLIDATED EDISON INC?
ChartMill assigns a technical rating of 8 / 10 to ED.
Can you provide the trend direction for CONSOLIDATED EDISON INC?
The current trend direction for CONSOLIDATED EDISON INC (ED) is Bullish.
What is the RSI signal for ED stock?
CONSOLIDATED EDISON INC (ED) has an RSI value of 63.9604. 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.
Can you provide the buy/sell signal for CONSOLIDATED EDISON INC?
The buy/sell signal for CONSOLIDATED EDISON INC (ED) is buy as both the short term and long term trends are positive.