EMP DISTRIB Y COMERC NOR-ADR (EDN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EDN - US29244A1025 - ADR
30 USD
-0.87 (-2.82%)
30 USD
0 (0%)
Overall EDN gets a technical rating of 7 out of 10. In the last year, EDN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month EDN has a been trading in the 29.00 - 36.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
EDN is one of the better performing stocks in the Electric Utilities industry, it outperforms 80% of 48 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that EDN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EDN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDN is lagging the market.
Considerably lower volume is observed in the last couple of days.
EDN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
15.01
36.51
We found 2 important support areas.
- A support zone ranging from 29.73 to 29.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.16 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @35.25 from a horizontal line in the daily time frame.
- Resistance @36.15 from a horizontal 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 | UP | POSITIVE | The long term trend for EDN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDN is neutral. |
| ChartMill Relative Strength | 83.43 | POSITIVE | EDN has a high relative strength, it outperformed 83.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDN is below a declining 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) | DOWN | MIXED | The current price of EDN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.75 | NEUTRAL | The RSI value for EDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests EDN has a negative trend. |
| Stochastics (14,3) | 24.13 | NEUTRAL | The Stochastics value for EDN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for EDN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.08 | 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)
30
-0.87 (-2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-2.82%
1 Week-8.7%
2 Weeks-13.67%
1 Month-3.47%
3 Month76.06%
6 Month3.09%
12 Month-39.06%
2 Year54.88%
3 Year275.47%
5 Year607.55%
10 Year71.14%
15 Year120.1%
Volatility
ATR(14)2.34
ATR(20)%7.88%
ATR Inc-20.4%
Range Today1.74
ADR(20)2.32
ADR(20)%7.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.43
3 months CRS97.76
6 months CRS43.03
Mansfield-1.09
10 Day High36.7
10 Day Low30
20 Day High36.7
20 Day Low29
52 Week High51.69
52 Week Low14.38
CS1 End29.73
CR1 Start35.25
Volume & EV
DER(3)0.06%
DER(5)-0.18%
Volume60.00K
Volume Incr-21.22%
Vol(5)111.94K
Vol(50)225.89K
EMP DISTRIB Y COMERC NOR-ADR / EDN FAQ
What is the technical rating for EDN stock?
ChartMill assigns a technical rating of 7 / 10 to EDN.
What is the trend direction for EDN stock?
The current trend direction for EMP DISTRIB Y COMERC NOR-ADR (EDN) is Bullish.
Can you provide the RSI signal for EMP DISTRIB Y COMERC NOR-ADR?
EMP DISTRIB Y COMERC NOR-ADR (EDN) has an RSI value of 45.7534. This indicates that the stock is currently neutral.
What is the MACD signal for EDN stock?
The MACD indicator for EMP DISTRIB Y COMERC NOR-ADR (EDN) has a value of -0.729128, indicating a bearish trend.