EMP DISTRIB Y COMERC NOR-ADR (EDN) Stock Technical Analysis
USA - NYSE:EDN - US29244A1025 - ADR
20.03 USD
+3.41 (+20.52%)
20.5 USD
+0.47 (+2.35%)
Taking everything into account, EDN scores 1 out of 10 in our technical rating. EDN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, EDN is a bad performer in the overall market: 85% of all stocks are doing better.
EDN is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 97% are performing better than EDN.
EDN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EDN has a been trading in the 14.38 - 20.80 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of EDN is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.01
32.71
We found 1 important support area.
- Support @15.16 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @24.70 from a trend line in the weekly time frame.
- Resistance @26.24 from a trend line in the daily time frame.
- Resistance @31.39 from a trend line in the weekly time frame.
- Resistance @32.39 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for EDN is neutral. |
| ChartMill Relative Strength | 15.01 | NEGATIVE | EDN has a low relative strength, it was outperformed by 84.99% off all stocks 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) | 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) | 57.76 | NEUTRAL | The RSI value for EDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests EDN has a positive trend. |
| Stochastics (14,3) | 60.36 | NEUTRAL | The Stochastics value for EDN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.89 | HIGH VOLATILITY | The high ATR as a percentage value for EDN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.07 | 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)
20.03
+3.41 (+20.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg20.52%
1 Week29.06%
2 Weeks23.95%
1 Month19.94%
3 Month-19.72%
6 Month-40.49%
12 Month-12.76%
2 Year95.61%
3 Year177.04%
5 Year503.31%
10 Year8.5%
15 Year95.99%
Volatility
ATR(14)1.58
ATR(20)%7.89%
ATR Inc105.86%
Range Today3.97
ADR(20)1.51
ADR(20)%7.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.01
Mansfield-4.2
10 Day High20.8
10 Day Low14.38
20 Day High20.8
20 Day Low14.38
52 Week High51.69
52 Week Low14.38
CS1 End15.16
CR1 Start24.7
Volume & EV
DER(3)4.53%
DER(5)6.74%
Volume754.20K
Volume Incr73.21%
Vol(5)329.74K
Vol(50)180.19K