EMP DISTRIB Y COMERC NOR-ADR (EDN) Technical Analysis
NYSE:EDN • US29244A1025
Current stock price
30.56 USD
-0.41 (-1.32%)
At close:
30.56 USD
0 (0%)
After Hours:
EDN Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to EDN. 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. 65% of 47 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 compared to the yearly performance of all other stocks, EDN outperforms 55% of them, which is more or less in line with the market.
- 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
EDN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
EDN Support and Resistance Analysis
15.28
35.11
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.73 to 28.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.75 to 28.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.76 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 4 important areas.
- Resistance @30.97 from a horizontal line in the daily time frame.
- 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 | 55.15 | 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) | 60.65 | NEUTRAL | The RSI value for EDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests EDN has a positive trend. |
| Stochastics (14,3) | 91.94 | OVERBOUGHT | The high Stochastics value suggests EDN may be overbought. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for EDN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.01 | NEGATIVE | The low ADX value for EDN suggests a weak or negative trend. |
EDN Chart- and CandleStick Pattern Analysis
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)
EDN Technicals: Chart, Performance Metrics, Trend & Indicators
30.56
-0.41 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.32%
1 Week9.14%
2 Weeks5.93%
1 Month16.86%
3 Month2.62%
6 Month96.91%
12 Month14.71%
2 Year79.24%
3 Year246.49%
5 Year725.95%
10 Year93.91%
15 Year193.28%
Volatility
ATR(14)2
ATR(20)%6.36%
ATR Inc12.06%
Range Today1.57
ADR(20)1.93
ADR(20)%6.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.15
3 months CRS72.62
6 months CRS98.16
Mansfield0.81
10 Day High31.2
10 Day Low27.23
20 Day High31.2
20 Day Low24.56
52 Week High38.1
52 Week Low14.38
CS1 End28.97
CR1 Start30.97
Volume & EV
DER(3)1.8%
DER(5)2.17%
Volume122.70K
Volume Incr114.38%
Vol(5)268.66K
Vol(50)133.44K
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 60.6473. 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 28.97 and a resistance level at 30.97. Check the full technical report for our detailed analysis of EDN support and resistance levels.