EDISON INTERNATIONAL (EIX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EIX - US2810201077 - Common Stock
We assign a technical rating of 7 out of 10 to EIX. Although EIX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
EIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
51.59
We found 3 important support areas.
- A support zone ranging from 56.26 to 57.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.30 to 53.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.11 to 52.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.54 to 59.19. 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 | UP | POSITIVE | The long term trend for EIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIX is up. |
| ChartMill Relative Strength | 20.7 | NEGATIVE | EIX has a low relative strength, it was outperformed by 79.3% 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) | UP | POSITIVE | The current price of EIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.59 | NEUTRAL | The RSI value for EIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.47 | NEUTRAL | The Stochastics value for EIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for EIX suggests some volalility. |
| Average Directional Index/ADX (14) | 10.17 | NEGATIVE | The low ADX value for EIX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.20 | 56.85 | 2.35 (3.97%) | 25.00% |
| An entry @59.20. This is a Buy Stop order right above the resistance zone. | An exit @56.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.35 points, which is 3.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
58.5
-0.68 (-1.15%)
EDISON INTERNATIONAL / EIX FAQ
Can you provide the ChartMill technical rating for EDISON INTERNATIONAL?
ChartMill assigns a technical rating of 7 / 10 to EIX.
What is the trend direction for EIX stock?
The current trend direction for EDISON INTERNATIONAL (EIX) is Bullish.
Can you provide the RSI signal for EDISON INTERNATIONAL?
EDISON INTERNATIONAL (EIX) has an RSI value of 56.593. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for EDISON INTERNATIONAL?
The buy/sell signal for EDISON INTERNATIONAL (EIX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for EIX stock?
EDISON INTERNATIONAL (EIX) has a support level at 57.33 and a resistance level at 58.54. Check the full technical report for our detailed analysis of EIX support and resistance levels.