CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
USA - NYSE:ED - US2091151041 - Common Stock
101.19 USD
+0.12 (+0.12%)
101.19 USD
0 (0%)
We assign a technical rating of 3 out of 10 to ED. Recently some decent action could be observed, but in the medium term time frame this is still negative. ED was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ED is a bad performer in the overall market: 68% of all stocks are doing better.
ED is one of the lesser performing stocks in the Multi-Utilities industry. 83% of 25 stocks in the same industry do better.
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 95.97 - 103.14 range, which is quite wide. It is currently trading near the high of this range.
ED has an average volume of 2269050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 101.11, a Stop Loss order could be placed below this zone.
More info and screens
86.14
106.77
We found 4 important support areas.
- A support zone ranging from 96.58 to 101.11. 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.
- Resistance @101.93 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 | 32.53 | 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) | DOWN | MIXED | The current price of ED is above a declining 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) | 56.05 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.89 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 20.7 | NEUTRAL | The ADX value for ED suggests a possible start of a new 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)
101.19
+0.12 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.12%
1 Week-1.17%
2 Weeks2.41%
1 Month5.05%
3 Month0.11%
6 Month-9.73%
12 Month-5.22%
2 Year15.26%
3 Year15.04%
5 Year28.92%
10 Year53.9%
15 Year103.52%
Volatility
ATR(14)1.67
ATR(20)%1.58%
ATR Inc6.9%
Range Today1.3
ADR(20)1.57
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.53
Mansfield-0.92
10 Day High103.14
10 Day Low98.39
20 Day High103.14
20 Day Low95.97
52 Week High114.87
52 Week Low87.28
CS1 End101.11
CR1 Start101.93
Volume & EV
DER(3)-0.42%
DER(5)0.23%
Volume1.60M
Volume Incr-22.08%
Vol(5)1.53M
Vol(50)2.27M