EMP DISTRIB Y COMERC NOR-ADR (EDN) Stock Technical Analysis
NYSE:EDN - New York Stock Exchange, Inc. - US29244A1025 - ADR - Currency: USD
Overall EDN gets a technical rating of 1 out of 10. EDN 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month EDN has a been trading in the 24.23 - 29.29 range, which is quite wide. It is currently trading near the lows of this range.
EDN is part of the Electric Utilities industry. There are 47 other stocks in this industry. EDN outperforms 78% of them.
When comparing the performance of all stocks over the past year, EDN turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
EDN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDN is lagging the market.
Although the technical rating is bad, EDN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
21.95
36.51
3 important support areas can be observed.
- Support @24.83 from a horizontal line in the weekly time frame.
- Support @24.07 from a horizontal line in the daily time frame.
- Support @22.17 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 25.37 to 25.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @27.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.95 to 32.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.50 from a trend line in the weekly 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 | 67.78 | NEUTRAL | EDN is not amongst the best or worst performers 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) | UP | MIXED | The current price of EDN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.73 | NEUTRAL | The RSI value for EDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EDN has a positive trend. |
| Stochastics (14,3) | 10.8 | OVERSOLD | The low Stochastics value suggests EDN may be oversold. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for EDN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.27 | 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)
24.95
+0.28 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.13%
1 Week0.48%
2 Weeks-5.13%
1 Month-13.28%
3 Month-25.88%
6 Month-24.35%
12 Month53.63%
2 Year67.45%
3 Year311.72%
5 Year554.86%
10 Year92.66%
15 Year253.9%
Volatility
ATR(14)1.39
ATR(20)%5.42%
ATR Inc-28.42%
Range Today0.88
ADR(20)1.34
ADR(20)%5.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.78
Mansfield-2.48
10 Day High28.46
10 Day Low24.23
20 Day High29.29
20 Day Low24.23
52 Week High51.69
52 Week Low13.78
CS1 End24.83
CR1 Start25.37
Volume & EV
DER(3)-0.78%
DER(5)-0.68%
Volume54.90K
Volume Incr9.6%
Vol(5)97.72K
Vol(50)106.74K