EDISON INTERNATIONAL (EIX) Stock Technical Analysis
NYSE:EIX - US2810201077 - Common Stock
55.57 USD
+0.8 (+1.46%)
55.45 USD
-0.12 (-0.22%)
Taking everything into account, EIX scores 2 out of 10 in our technical rating. EIX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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: 84% of all stocks are doing better.
EIX is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 91% are performing better than EIX.
EIX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EIX has a been trading in the 52.95 - 57.62 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 3583800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EIX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 56.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
47.83
59.55
2 important support areas can be observed.
- A support zone ranging from 54.43 to 55.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 56.35 to 56.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 58.64 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 | 16.67 | NEGATIVE | EIX has a low relative strength, it was outperformed by 83.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EIX is above a declining 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) | DOWN | NEGATIVE | The current price of EIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.47 | NEUTRAL | The RSI value for EIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests EIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.82 | NEUTRAL | The Stochastics value for EIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for EIX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.05 | 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)
55.57
+0.8 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.46%
1 Week0.4%
2 Weeks1.18%
1 Month-0.7%
3 Month15%
6 Month-2.51%
12 Month-34.94%
2 Year-12.2%
3 Year-1.79%
5 Year9.3%
10 Year-11.89%
15 Year61.59%
Volatility
ATR(14)1.75
ATR(20)%2.77%
ATR Inc47.75%
Range Today2.68
ADR(20)1.51
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.67
Mansfield-2.11
10 Day High57.62
10 Day Low52.96
20 Day High57.62
20 Day Low52.96
52 Week High88.65
52 Week Low47.73
CS1 End55.34
CR1 Start56.35
Volume & EV
DER(3)2.99%
DER(5)0.83%
Volume8.18M
Volume Incr46.9%
Vol(5)4.25M
Vol(50)3.58M