EMPIRE DIST ELEC CO (EDE) Stock Technical Analysis
NYSE:EDE - New York Stock Exchange, Inc. -
We assign a technical rating of 3 out of 10 to EDE. EDE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that EDE is one of the better performing stocks in the market, outperforming 72% of all stocks.
EDE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month EDE has a been trading in a tight range between 34.05 and 34.26.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, EDE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.09, a Stop Loss order could be placed below this zone.
More info and screens
27.23
34.81
2 important support areas can be observed.
- A support zone ranging from 34.02 to 34.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.10 to 34.47. 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 EDE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDE is down. |
| ChartMill Relative Strength | 72.06 | POSITIVE | EDE has a high relative strength, it outperformed 72.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.41 | NEUTRAL | The RSI value for EDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.67 | OVERSOLD | The low Stochastics value suggests EDE may be oversold. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for EDE suggests low volalility. |
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)
34.09
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks-0.06%
1 Month-0.03%
3 Month-0.15%
6 Month0.47%
12 Month21.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.26%
ATR Inc-51.54%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.06
Mansfield-0.41
10 Day High34.22
10 Day Low34.06
20 Day High34.26
20 Day Low34.05
52 Week High34.49
52 Week Low26.2
CS1 End34.09
CR1 Start34.1
Volume & EV
DER(3)-2.24%
DER(5)-2.55%
Volume542.90K
Volume Incr138.84%
Vol(5)455.74K
Vol(50)190.59K