EDWARDS LIFESCIENCES CORP (EW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EW - US28176E1082 - Common Stock
We assign a technical rating of 7 out of 10 to EW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EW is showing a nice and steady performance.
Besides having an excellent technical rating, EW also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 85.02, a Stop Loss order could be placed below this zone.
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71.92
We found 3 important support areas.
- A support zone ranging from 82.44 to 85.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.69 from a trend line in the weekly time frame.
- A support zone ranging from 72.65 to 75.10. 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 85.28 to 86.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 EW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EW is neutral. |
| ChartMill Relative Strength | 73.47 | POSITIVE | EW has a high relative strength, it outperformed 73.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.56 | NEUTRAL | The RSI value for EW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests EW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.39 | NEUTRAL | The Stochastics value for EW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for EW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for EW 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 |
|---|---|---|---|
| 86.95 | 83.65 | 3.30 (3.80%) | 25.00% |
| An entry @86.95. This is a Buy Stop order right above the resistance zone. | An exit @83.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.30 points, which is 3.80%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
85.13
+0.55 (+0.65%)
EDWARDS LIFESCIENCES CORP / EW FAQ
What is the technical rating for EW stock?
ChartMill assigns a technical rating of 7 / 10 to EW.
What is the trend direction for EW stock?
The current trend direction for EDWARDS LIFESCIENCES CORP (EW) is Bullish.
What is the RSI signal for EDWARDS LIFESCIENCES CORP (EW) stock?
EDWARDS LIFESCIENCES CORP (EW) has an RSI value of 50.5565. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EDWARDS LIFESCIENCES CORP?
The MACD indicator for EDWARDS LIFESCIENCES CORP (EW) has a value of -0.205471, indicating a bearish trend.