EDISON INTERNATIONAL (EIX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EIX • US2810201077
Overall EIX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EIX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that EIX is one of the better performing stocks in the market, outperforming 75% of all stocks.
- EIX is one of the better performing stocks in the Electric Utilities industry, it outperforms 75% of 46 stocks in the same industry.
- EIX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EIX has a been trading in the 58.21 - 63.19 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- EIX has an average volume of 3155440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EIX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 62.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.52, a Stop Loss order could be placed below this zone.
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55.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 58.73 to 61.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.50 from a horizontal line in the daily time frame.
- A support zone ranging from 55.64 to 56.35. 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 62.39 to 62.64. 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 | 75.54 | POSITIVE | EIX has a high relative strength, it outperformed 75.54% 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) | 59.07 | NEUTRAL | The RSI value for EIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests EIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.03 | NEUTRAL | The Stochastics value for EIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for EIX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.7 | 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 |
|---|---|---|---|
| 62.65 | 59.54 | 3.11 (4.96%) | 20.14% |
| An entry @62.65. This is a Buy Stop order right above the resistance zone. | An exit @59.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.11 points, which is 4.96%. | When investing 20.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
62.28
+0.11 (+0.18%)
EDISON INTERNATIONAL / EIX FAQ
Can you provide the ChartMill technical rating for EDISON INTERNATIONAL?
ChartMill assigns a technical rating of 9 / 10 to EIX.
Can you provide the trend direction for EDISON INTERNATIONAL?
The current trend direction for EDISON INTERNATIONAL (EIX) is Bullish.
What is the RSI signal for EDISON INTERNATIONAL (EIX) stock?
EDISON INTERNATIONAL (EIX) has an RSI value of 59.0686. This indicates that the stock is currently neutral.
What is the MACD signal for EDISON INTERNATIONAL (EIX) stock?
The MACD indicator for EDISON INTERNATIONAL (EIX) has a value of 0.0788314, indicating a bearish trend.
What is the short term momentum for EIX stock?
The short term momentum for EDISON INTERNATIONAL (EIX) is positive.