CONSOLIDATED EDISON INC (ED) Technical Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 106.10 - 115.25 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 2150050 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 68% of them, which is more or less in line with the market.
- ED is an average performer in the Multi-Utilities industry, it outperforms 56% of 26 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
ED has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
94.46
3 important support areas can be observed.
- Support @101.11 from a horizontal line in the daily time frame.
- A support zone ranging from 98.05 to 98.94. This zone is formed by a combination of multiple trend lines 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.
We found 1 important resistance area.
- A resistance zone ranging from 110.95 to 113.92. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 68.27 | NEUTRAL | ED is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ED is below 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) | 54.55 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests ED has a negative trend. |
| Stochastics (14,3) | 48.01 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for ED suggests some volalility. |
| Average Directional Index/ADX (14) | 21.08 | NEUTRAL | The ADX value for ED suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 113.93 | 109.05 | 4.88 (4.28%) | 23.35% |
| An entry @113.93. This is a Buy Stop order right above the resistance zone. | An exit @109.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.88 points, which is 4.28%. | For a 1.00% total portfolio risk, you can invest 23.35% 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
110.71
-1.78 (-1.58%)
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 54.552. 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.