CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
USA • New York Stock Exchange • 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 one of the better performing stocks in the Multi-Utilities industry, it outperforms 76% of 26 stocks in the same industry.
- In the last month ED has a been trading in the 98.24 - 110.60 range, which is quite wide. It is currently trading near the high of this range.
- ED has an average volume of 1940030 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 65% of them, which is more or less in line with the market.
- 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.
Besides having an excellent technical rating, ED also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
94.46
We found 3 important support areas.
- A support zone ranging from 103.09 to 103.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.05 to 99.27. 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.
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 | 65.7 | 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) | DOWN | MIXED | The current price of ED is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.71 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 24.8 | 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 |
|---|---|---|---|
| 110.61 | 104.47 | 6.14 (5.55%) | 18.01% |
| An entry @110.61. This is a Buy Stop order right above the 10 day high. | An exit @104.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.14 points, which is 5.55%. | For a 1.00% total portfolio risk, you can invest 18.01% 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.
108.43
+1.75 (+1.64%)
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 65.7141. 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.