EDWARDS LIFESCIENCES CORP (EW) Stock Technical Analysis
NYSE:EW - New York Stock Exchange, Inc. - US28176E1082 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to EW. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EW is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EW is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. EW outperforms 71% of them.
EW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EW is lagging the market slightly.
In the last month EW has a been trading in the 75.39 - 83.00 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.
EW has an average volume of 4114410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EW outperforms 59% of them, which is more or less in line with the market.
Although the technical rating is only medium, EW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 77.71, a Stop Loss order could be placed below this zone.
More info and screens
61.09
81.97
4 important support areas can be observed.
- A support zone ranging from 75.11 to 77.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.81 to 73.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @68.99 from a horizontal line in the weekly time frame.
- Support @61.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 78.34 to 81.16. 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 | 59.05 | NEUTRAL | EW is not amongst the best or worst performers 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) | 51.32 | NEUTRAL | The RSI value for EW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests EW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.41 | NEUTRAL | The Stochastics value for EW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for EW suggests some volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for EW 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)
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 |
|---|---|---|---|
| 78.35 | 76.06 | 2.29 (2.93%) | 25.00% |
| An entry @78.35. This is a Buy Stop order right above the 10 day moving average. | An exit @76.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.29 points, which is 2.93%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EW. Please evaluate whether better entry and exit points can be found.
- 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.
78.26
+0.08 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.1%
1 Week-0.11%
2 Weeks-1.35%
1 Month2.31%
3 Month0.33%
6 Month2.72%
12 Month13.55%
2 Year2.34%
3 Year-13.14%
5 Year-8.83%
10 Year233.31%
15 Year715.63%
Volatility
ATR(14)1.59
ATR(20)%2.35%
ATR Inc-54.82%
Range Today0.92
ADR(20)1.7
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.05
Mansfield-0.17
10 Day High80.5
10 Day Low76.07
20 Day High83
20 Day Low75.39
52 Week High83
52 Week Low64.01
CS1 End77.71
CR1 Start78.34
Volume & EV
DER(3)-1.13%
DER(5)0.29%
Volume2.62M
Volume Incr-39.97%
Vol(5)3.08M
Vol(50)4.11M