CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
NYSE:ED - US2091151041 - Common Stock
100.07 USD
+0.35 (+0.35%)
100 USD
-0.07 (-0.07%)
Overall ED gets a technical rating of 0 out of 10. ED's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
76% of all other stocks performed better in the past year than ED.
ED is part of the Multi-Utilities industry. There are 25 other stocks in this industry, of which 83% are performing better than ED.
In the last month ED has a been trading in the 99.38 - 106.16 range, which is quite wide. It is currently trading near the lows of this range.
ED has an average volume of 2611590 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 99.27, a Stop Loss order could be placed below this zone.
More info and screens
86.14
114.43
When analyzing the support we can see 3 important areas.
- Strong support @99.27 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 100.28 to 103.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @105.71 from a horizontal line in the daily time frame.
- A resistance zone ranging from 112.10 to 113.30. 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 | DOWN | NEGATIVE | The long term trend for ED is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ED is down. |
| ChartMill Relative Strength | 24.95 | NEGATIVE | ED has a low relative strength, it was outperformed by 75.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ED is below 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) | 40.82 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests ED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.87 | OVERSOLD | The low Stochastics value suggests ED may be oversold. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 14.44 | 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)
100.07
+0.35 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.35%
1 Week-1.66%
2 Weeks-3.46%
1 Month-2.46%
3 Month-4.23%
6 Month-1.43%
12 Month-1.47%
2 Year12.49%
3 Year2.38%
5 Year40.27%
10 Year59.07%
15 Year110.54%
Volatility
ATR(14)1.61
ATR(20)%1.66%
ATR Inc-45.36%
Range Today0.81
ADR(20)1.6
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.95
Mansfield-1.01
10 Day High103.66
10 Day Low99.38
20 Day High106.16
20 Day Low99.38
52 Week High114.87
52 Week Low87.28
CS1 End99.27
CR1 Start100.28
Volume & EV
DER(3)-0.37%
DER(5)-1.58%
Volume4.31M
Volume Incr22.38%
Vol(5)3.03M
Vol(50)2.61M