CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
NYSE:ED - New York Stock Exchange, Inc. - US2091151041 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ED. ED has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
67% of all other stocks performed better in the past year than ED.
ED is one of the lesser performing stocks in the Multi-Utilities industry. 70% of 25 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ED has a been trading in the 99.20 - 106.01 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
ED has an average volume of 2525970 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 an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
86.14
114.43
3 important support areas can be observed.
- A support zone ranging from 98.05 to 103.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @89.68 from a horizontal line in the weekly time frame.
- Support @87.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- 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 | 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 | 33.54 | 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) | 58.48 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests ED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.96 | NEUTRAL | The Stochastics value for ED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for ED suggests low volalility. |
| Average Directional Index/ADX (14) | 19.19 | 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)
104.15
-0.03 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.03%
1 Week1.52%
2 Weeks1.56%
1 Month4.18%
3 Month-3.28%
6 Month8.4%
12 Month3.1%
2 Year17.08%
3 Year6.56%
5 Year45.99%
10 Year65.55%
15 Year119.13%
Volatility
ATR(14)1.65
ATR(20)%1.54%
ATR Inc4.5%
Range Today1.45
ADR(20)1.56
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.54
Mansfield-0.51
10 Day High106.01
10 Day Low100.47
20 Day High106.01
20 Day Low99.2
52 Week High114.87
52 Week Low87.28
CS1 End103.17
CR1 Start105.71
Volume & EV
DER(3)-2.18%
DER(5)-0.93%
Volume1.99M
Volume Incr29.14%
Vol(5)2.52M
Vol(50)2.53M