EDISON INTERNATIONAL (EIX) Stock Technical Analysis
NYSE:EIX - New York Stock Exchange, Inc. - US2810201077 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to EIX. EIX'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, EIX is a bad performer in the overall market: 92% of all stocks are doing better.
EIX is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 93% are performing better than EIX.
EIX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month EIX has a been trading in the 49.14 - 53.35 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EIX has an average volume of 3753020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, EIX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.35, a Stop Loss order could be placed below this zone.
More info and screens
47.83
59.55
We found 2 important support areas.
- A support zone ranging from 50.51 to 51.35. 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 48.31 to 48.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @56.72 from a trend line in the daily time frame.
- A resistance zone ranging from 58.18 to 58.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EIX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EIX is neutral. |
| ChartMill Relative Strength | 8.41 | NEGATIVE | EIX has a low relative strength, it was outperformed by 91.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.96 | NEUTRAL | The RSI value for EIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests EIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.47 | NEUTRAL | The Stochastics value for EIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for EIX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for EIX suggests a weak or negative 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)
51.42
-0.88 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.68%
1 Week0.18%
2 Weeks0.25%
1 Month2%
3 Month-11.28%
6 Month-12.65%
12 Month-34.51%
2 Year-28.54%
3 Year-24.13%
5 Year-7.63%
10 Year-14.31%
15 Year55.11%
Volatility
ATR(14)1.15
ATR(20)%2.15%
ATR Inc-14%
Range Today1.28
ADR(20)1.03
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.41
Mansfield-3.08
10 Day High52.55
10 Day Low50.16
20 Day High53.35
20 Day Low49.14
52 Week High88.77
52 Week Low47.73
CS1 End51.35
CR1 Start56.72
Volume & EV
DER(3)2.1%
DER(5)1.52%
Volume2.99M
Volume Incr-34.4%
Vol(5)2.68M
Vol(50)3.75M