CONSOLIDATED EDISON INC (ED) Technical Analysis
NYSE:ED • US2091151041
Current stock price
ED Technical Rating and Analysis
Taking everything into account, ED scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ED is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- ED is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ED is leading the market.
- In the last month ED has a been trading in the 108.48 - 116.23 range, which is quite wide. It is currently trading near the high of this range.
- ED has an average volume of 2268380 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 62% of all stocks.
- ED is an average performer in the Multi-Utilities industry, it outperforms 48% of 26 stocks in the same industry.
ED Weekly and Daily overview Charts
ED Setup Rating and Analysis
ED has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 115.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 112.53, a Stop Loss order could be placed below this zone.
More info and screens
ED Support and Resistance Analysis
97.07
We found 3 important support areas.
- A support zone ranging from 109.11 to 112.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.84 to 100.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 98.05 to 98.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 115.43 to 115.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
ED Technical Indicator Signal Analysis
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 | 62.47 | 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) | UP | POSITIVE | The current price of ED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.18 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests ED has a positive trend. |
| Stochastics (14,3) | 79.61 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for ED suggests a weak or negative trend. |
ED Chart- and CandleStick Pattern Analysis
ED Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 115.47 | 108.47 | 7.00 (6.06%) | 16.50% |
| An entry @115.47. This is a Buy Stop order right above the resistance zone. | An exit @108.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.00 points, which is 6.06%. | For a 1.00% total portfolio risk, you can invest 16.50% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ED Technicals: Chart, Performance Metrics, Trend & Indicators
114.61
-0.82 (-0.71%)
CONSOLIDATED EDISON INC / ED TA FAQ
Can you provide the ChartMill technical rating for CONSOLIDATED EDISON INC?
ChartMill assigns a technical rating of 8 / 10 to ED.
What is the current trend direction of CONSOLIDATED EDISON INC (ED) stock?
The current trend direction for CONSOLIDATED EDISON INC (ED) is Bullish.
What is the RSI signal for CONSOLIDATED EDISON INC (ED) stock?
CONSOLIDATED EDISON INC (ED) has an RSI value of 60.182. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONSOLIDATED EDISON INC?
The MACD indicator for CONSOLIDATED EDISON INC (ED) has a value of 0.200504, indicating a bearish trend.
What is the short term momentum for ED stock?
The short term momentum for CONSOLIDATED EDISON INC (ED) is positive.