EMP DISTRIB Y COMERC NOR-ADR (EDN)

US29244A1025 - ADR

18.68  +1.34 (+7.73%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to EDN. In the last year, EDN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

When comparing the yearly performance of all stocks, we notice that EDN is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, EDN also shows a nice and consistent pattern of rising prices.
EDN is one of the better performing stocks in the Electric Utilities industry, it outperforms 93% of 45 stocks in the same industry.
EDN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EDN is performing more or less in line with the market.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month EDN has a been trading in the 15.65 - 20.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
EDN Weekly chart
EDN Daily chart
Setup Rating and Analysis

2

EDN has an average technical rating and it also does not offer a high 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.

Support and Resistance Analysis

11.56

20.25

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 17.07 to 17.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @16.75 from a trend line in the daily time frame.
  • A support zone ranging from 16.09 to 16.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @12.75 from a trend line in the weekly time frame.
  • Support @11.68 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 19.00 to 19.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @19.45 from a horizontal line in the daily time frame.
  • Resistance @20.05 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.16
Mansfield1.25
10 Day High18.71
10 Day Low15.93
20 Day High20.22
20 Day Low15.65
52 Week High21.8
52 Week Low8.4
Performance
1 Week12.26%
2 Weeks15.74%
1 Month-3.21%
3 Month-4.25%
6 Month67.23%
12 Month107.9%
2 Year206.23%
3 Year386.46%
5 Year6.32%
10 Year90.81%
15 Year276.61%
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)0.15
RSI(14)61.52
LBB15.54
UBB18.15
EDN Daily chart

EMP DISTRIB Y COMERC NOR-ADR

NYSE:EDN (5/3/2024, 7:04:00 PM)

18.68

+1.34 (+7.73%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg7.73%
1 Week12.26%
2 Weeks15.74%
1 Month-3.21%
3 Month-4.25%
6 Month67.23%
12 Month107.9%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.91
ATR(20)%5.29%
ATR Inc
Range Today1.37
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High18.71
10 Day Low15.93
20 Day High20.22
20 Day Low15.65
52 Week High21.8
52 Week Low8.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume134.80K
Volume Incr-33.31%
Vol(5)60.34K
Vol(50)89.40K