EMP DISTRIB Y COMERC NOR-ADR (EDN) Stock Technical Analysis
NYSE:EDN - US29244A1025 - ADR
20.93 USD
-0.54 (-2.52%)
21.05 USD
+0.12 (+0.57%)
We assign a technical rating of 0 out of 10 to EDN. EDN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
89% of all other stocks performed better in the past year than EDN.
EDN is one of the lesser performing stocks in the Electric Utilities industry. 93% of 47 stocks in the same industry do better.
EDN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month EDN has a been trading in the 19.93 - 31.73 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of EDN 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
20.72
36.51
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 25.80 to 26.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.05 from a trend line in the weekly time frame.
- Resistance @29.28 from a trend line in the daily time frame.
- Resistance @32.82 from a trend line in the weekly time frame.
- Resistance @33.71 from a trend line in the daily time frame.
- Resistance @36.15 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for EDN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDN is down. |
| ChartMill Relative Strength | 11.36 | NEGATIVE | EDN has a low relative strength, it was outperformed by 88.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EDN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.13 | NEUTRAL | The RSI value for EDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests EDN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.46 | OVERSOLD | The low Stochastics value suggests EDN may be oversold. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for EDN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for EDN suggests a possible start of a new 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)
20.93
-0.54 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-2.52%
1 Week-2.65%
2 Weeks-25.28%
1 Month-28.3%
3 Month-34.14%
6 Month-42.1%
12 Month-1.83%
2 Year74.42%
3 Year212.39%
5 Year572.99%
10 Year63.64%
15 Year166.96%
Volatility
ATR(14)1.49
ATR(20)%7.75%
ATR Inc-13.98%
Range Today1.36
ADR(20)1.6
ADR(20)%7.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.36
Mansfield-3.92
10 Day High28.34
10 Day Low19.93
20 Day High31.73
20 Day Low19.93
52 Week High51.69
52 Week Low19.93
CS1 EndN/A
CR1 Start25.8
Volume & EV
DER(3)-1.37%
DER(5)-1.4%
Volume240.14K
Volume Incr6.53%
Vol(5)139.82K
Vol(50)112.89K