CONSOLIDATED EDISON INC (ED) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ED - US2091151041 - Common Stock
We assign a technical rating of 1 out of 10 to ED. ED has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of ED is bad and it also does not present a quality setup 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
We found 1 important support area.
- A support zone ranging from 87.01 to 89.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @96.65 from a horizontal line in the daily time frame.
- A resistance zone ranging from 99.10 to 101.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 103.13 to 105.71. 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 | NEUTRAL | NEUTRAL | The long term trend for ED is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ED is down. |
| ChartMill Relative Strength | 45.27 | NEUTRAL | ED is not amongst the best or worst performers 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) | 39.05 | NEUTRAL | The RSI value for ED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests ED has a negative trend. |
| Stochastics (14,3) | 2.43 | OVERSOLD | The low Stochastics value suggests ED may be oversold. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ED suggests some volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for ED suggests a weak or negative trend. |
96.45
-0.42 (-0.43%)
CONSOLIDATED EDISON INC / ED FAQ
Can you provide the ChartMill technical rating for CONSOLIDATED EDISON INC?
ChartMill assigns a technical rating of 1 / 10 to ED.
What is the trend direction for ED stock?
The current trend direction for CONSOLIDATED EDISON INC (ED) is Bearish.
What is the RSI signal for ED stock?
CONSOLIDATED EDISON INC (ED) has an RSI value of 39.0534. This indicates that the stock is currently neutral.
What is the short term momentum for CONSOLIDATED EDISON INC (ED) stock?
The short term momentum for CONSOLIDATED EDISON INC (ED) is negative.