EMP DISTRIB Y COMERC NOR-ADR (EDN) Technical Analysis
NYSE:EDN • US29244A1025
Current stock price
EDN Technical Rating and Analysis
Taking everything into account, EDN scores 5 out of 10 in our technical rating. EDN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- EDN is one of the lesser performing stocks in the Electric Utilities industry. 60% of 47 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month EDN has a been trading in the 24.56 - 31.20 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- 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 58% of all stocks.
- EDN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EDN is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EDN Weekly and Daily overview Charts
EDN Setup Rating and Analysis
Although the technical rating is only medium, EDN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 28.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EDN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
EDN Support and Resistance Analysis
15.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.65 to 28.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.67 to 27.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.43 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @32.55 from a trend line in the weekly time frame.
- Resistance @33.64 from a trend line in the weekly time frame.
- Resistance @34.76 from a horizontal line in the weekly time frame.
EDN Technical Indicator Signal Analysis
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 EDN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDN is up. |
| ChartMill Relative Strength | 58.15 | NEUTRAL | EDN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.88 | NEUTRAL | The RSI value for EDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests EDN has a positive trend. |
| Stochastics (14,3) | 81.36 | OVERBOUGHT | The high Stochastics value suggests EDN may be overbought. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for EDN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.92 | NEGATIVE | The low ADX value for EDN suggests a weak or negative trend. |
EDN Chart- and CandleStick Pattern Analysis
EDN Technicals: Chart, Performance Metrics, Trend & Indicators
30.97
+0.95 (+3.16%)
EMP DISTRIB Y COMERC NOR-ADR / EDN TA FAQ
What is the technical rating for EDN stock?
ChartMill assigns a technical rating of 5 / 10 to EDN.
Can you provide the trend direction for EMP DISTRIB Y COMERC NOR-ADR?
The current trend direction for EMP DISTRIB Y COMERC NOR-ADR (EDN) is Bearish.
What is the RSI signal for EDN stock?
EMP DISTRIB Y COMERC NOR-ADR (EDN) has an RSI value of 62.8774. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for EMP DISTRIB Y COMERC NOR-ADR?
EMP DISTRIB Y COMERC NOR-ADR (EDN) has a support level at 28.8 and a resistance level at 32.55. Check the full technical report for our detailed analysis of EDN support and resistance levels.