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 8 out of 10 to EW. Both in the recent history as in the last year, EW has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, EW did better than 74% of all other stocks. We also observe that the gains produced by EW over the past year are nicely spread over this period.
EW is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 79% of 187 stocks in the same industry.
A new 52 week high is currently being made by EW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EW has a been trading in the 75.30 - 83.00 range, which is quite wide. It is currently trading near the high of this range.
EW has an average volume of 4391110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although EW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.09
80.81
We found 4 important support areas.
- A support zone ranging from 75.92 to 77.20. 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 74.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 80.01 to 80.01. 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 EW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EW is neutral. |
| ChartMill Relative Strength | 74.63 | POSITIVE | EW has a high relative strength, it outperformed 74.63% off all stocks 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) | 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) | 64.26 | NEUTRAL | The RSI value for EW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests EW has a positive trend. |
| Stochastics (14,3) | 39.96 | NEUTRAL | The Stochastics value for EW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for EW suggests some volalility. |
| Average Directional Index/ADX (14) | 11.97 | 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)
80
+4.2 (+5.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg5.54%
1 Week4.59%
2 Weeks2.5%
1 Month3.69%
3 Month5.21%
6 Month15.96%
12 Month28.27%
2 Year-2.52%
3 Year-20.43%
5 Year2.03%
10 Year215.46%
15 Year730.45%
Volatility
ATR(14)1.8
ATR(20)%2.05%
ATR Inc233.32%
Range Today5.48
ADR(20)1.5
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.63
Mansfield0.17
10 Day High83
10 Day Low75.3
20 Day High83
20 Day Low75.3
52 Week High83
52 Week Low59.41
CS1 End77.2
CR1 Start80.01
Volume & EV
DER(3)-1.86%
DER(5)-0.64%
Volume15.66M
Volume Incr76.06%
Vol(5)7.02M
Vol(50)4.39M