EDISON INTERNATIONAL (EIX) Stock Technical Analysis
NYSE:EIX - New York Stock Exchange, Inc. - US2810201077 - Common Stock - Currency: USD
Overall EIX gets a technical rating of 2 out of 10. In the past year, EIX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
91% of all other stocks performed better in the past year than EIX.
EIX is one of the lesser performing stocks in the Electric Utilities industry. 91% of 47 stocks in the same industry do better.
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 49.14 - 53.35 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 3828180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
EIX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EIX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
60.53
We found 3 important support areas.
- A support zone ranging from 51.47 to 51.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @50.51 from a horizontal line 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.
When analyzing the resistance we notice 3 important areas.
- Resistance @56.59 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.
- Resistance @59.93 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 | DOWN | NEGATIVE | The long term trend for EIX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIX is up. |
| ChartMill Relative Strength | 9.87 | NEGATIVE | EIX has a low relative strength, it was outperformed by 90.13% 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) | 54 | NEUTRAL | The RSI value for EIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests EIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.81 | OVERBOUGHT | The high Stochastics value suggests EIX may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for EIX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.49 | 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)
52.45
+0.18 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.34%
1 Week0.81%
2 Weeks4.03%
1 Month1.65%
3 Month-4.43%
6 Month-2.87%
12 Month-36.25%
2 Year-27.11%
3 Year-22.61%
5 Year-5.78%
10 Year-12.6%
15 Year58.22%
Volatility
ATR(14)1.04
ATR(20)%2.21%
ATR Inc-24.12%
Range Today0.66
ADR(20)1.08
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.87
Mansfield-2.87
10 Day High53.17
10 Day Low50.45
20 Day High53.35
20 Day Low49.14
52 Week High88.77
52 Week Low47.73
CS1 End51.77
CR1 Start56.59
Volume & EV
DER(3)3.98%
DER(5)2.36%
Volume2.86M
Volume Incr-10.78%
Vol(5)3.36M
Vol(50)3.83M