CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
NYSE:ED - New York Stock Exchange, Inc. - US2091151041 - Common Stock - Currency: USD
Taking everything into account, ED scores 0 out of 10 in our technical rating. ED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
71% of all other stocks performed better in the past year than ED.
In the last month ED has a been trading in the 97.34 - 105.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ED has an average volume of 2921470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ED is an average performer in the Multi-Utilities industry, it outperforms 45% of 25 stocks in the same industry.
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. There is a resistance zone just above the current price starting at 101.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.52, a Stop Loss order could be placed below this zone.
More info and screens
86.14
114.43
We found 3 important support areas.
- A support zone ranging from 99.01 to 100.52. This zone is formed by a combination of multiple trend lines and important moving averages 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 101.14 to 103.18. 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 | 29.57 | NEGATIVE | ED has a low relative strength, it was outperformed by 70.43% off all stocks 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) | DOWN | NEGATIVE | The current price of ED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.28 | 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. |
| Stochastics (14,3) | 62.44 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 18.96 | 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)
100.59
-0.48 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.47%
1 Week0.28%
2 Weeks2.22%
1 Month-1.91%
3 Month-8.42%
6 Month14.11%
12 Month9.11%
2 Year6.04%
3 Year1.33%
5 Year30.93%
10 Year58.19%
15 Year118.11%
Volatility
ATR(14)1.67
ATR(20)%1.67%
ATR Inc14.55%
Range Today1.48
ADR(20)1.64
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.57
Mansfield-0.78
10 Day High101.61
10 Day Low97.84
20 Day High105.28
20 Day Low97.34
52 Week High114.87
52 Week Low87.28
CS1 End100.52
CR1 Start101.14
Volume & EV
DER(3)0.15%
DER(5)-0.35%
Volume1.85M
Volume Incr-19.36%
Vol(5)2.35M
Vol(50)2.92M