EMP DISTRIB Y COMERC NOR-ADR (EDN) Stock Technical Analysis
NYSE:EDN - New York Stock Exchange, Inc. - US29244A1025 - ADR - Currency: USD
Taking everything into account, EDN scores 3 out of 10 in our technical rating. Although EDN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
EDN is part of the Electric Utilities industry. There are 46 other stocks in this industry. EDN outperforms 80% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that EDN is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
EDN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month EDN has a been trading in the 22.23 - 34.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
EDN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 32.63. Right above this resistance zone may be a good entry point. 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
20.47
34.88
We found 6 important support areas.
- Support @29.57 from a horizontal line in the daily time frame.
- Support @27.92 from a trend line in the weekly time frame.
- Support @26.64 from a horizontal line in the weekly time frame.
- Support @25.01 from a trend line in the daily time frame.
- Support @24.28 from a trend line in the daily time frame.
- Support @20.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.63 to 32.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.66 to 33.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.53 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.32
Mansfield0.7
10 Day High34.52
10 Day Low29.08
20 Day High34.99
20 Day Low22.23
52 Week High51.69
52 Week Low13.78
Performance
1 Week-5.95%
2 Weeks-11.68%
1 Month0.03%
3 Month-23.93%
6 Month-4.47%
12 Month59.15%
2 Year215.94%
3 Year387.38%
5 Year868.4%
10 Year104.05%
15 Year310.64%
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)44.6
LBB29.22
UBB34.58
29.73
+0.16 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.54%
1 Week-5.95%
2 Weeks-11.68%
1 Month0.03%
3 Month-23.93%
6 Month-4.47%
12 Month59.15%
2 Year215.94%
3 Year387.38%
5 Year868.4%
10 Year104.05%
15 Year310.64%
Volatility
ATR(14)2.04
ATR(20)%8.9%
ATR Inc-56.24%
Range Today0.59
ADR(20)2.46
ADR(20)%8.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.32
Mansfield0.7
10 Day High34.52
10 Day Low29.08
20 Day High34.99
20 Day Low22.23
52 Week High51.69
52 Week Low13.78
CS1 End29.57
CR1 Start32.63
Volume & EV
DER(3)5.94%
DER(5)5.38%
Volume29.80K
Volume Incr-56.24%
Vol(5)63.38K
Vol(50)121.65K