EW Technical Analysis - EDWARDS LIFESCIENCES CORP

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to EW. EW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month EW has a been trading in the 72.30 - 78.37 range, which is quite wide. It is currently trading near the high of this range.

EW has an average volume of 4259640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the performance of all stocks over the past year, EW turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.

EW is an average performer in the Health Care Equipment & Supplies industry, it outperforms 68% of 190 stocks in the same industry.

EW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EW is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EDWARDS LIFESCIENCES CORP / EW Weekly stock chart

EDWARDS LIFESCIENCES CORP / EW Daily stock chart

Setup Rating and Analysis

EW has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

71.92

82.65

We found 1 important support area.

A support zone ranging from 72.65 to 76.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 80.14 to 81.83. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for EW is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for EW is neutral.
ChartMill Relative Strength	51.96	NEUTRAL	EW is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EW is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EW is below a declining 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)	56.01	NEUTRAL	The RSI value for EW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests EW has a positive trend.
Stochastics (14,3)	63.12	NEUTRAL	The Stochastics value for EW is a neutral value.
Average True Range in percent/ATR (20)	2.34	MEDIUM VOLATILITY	The ATR as a percentage value for EW suggests some volalility.
Average Directional Index/ADX (14)	27.67	POSITIVE	The high ADX value value for EW suggests a strong trend.