EDWARDS LIFESCIENCES CORP (EW) Stock Technical Analysis
NYSE:EW - New York Stock Exchange, Inc. - US28176E1082 - Common Stock - Currency: USD
Taking everything into account, EW scores 6 out of 10 in our technical rating. Although EW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
79% of all other stocks performed better in the past year than EW.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month EW has a been trading in the 72.42 - 78.53 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.
EW has an average volume of 4399520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EW is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, EW did better than 48% of them.
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.
EW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 78.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 76.26, a Stop Loss order could be placed below this zone.
More info and screens
61.09
79.00
When analyzing the support we can see 4 important areas.
- A support zone ranging from 71.93 to 76.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.24 to 68.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.07 from a horizontal line in the daily 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 78.04 to 78.22. 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 | UP | POSITIVE | The short term trend for EW is up. |
| ChartMill Relative Strength | 21.86 | NEGATIVE | EW has a low relative strength, it was outperformed by 78.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EW is above a declining 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) | 54.85 | NEUTRAL | The RSI value for EW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests EW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.71 | OVERBOUGHT | The high Stochastics value suggests EW may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for EW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.99 | 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)
77.02
-0.16 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.21%
1 Week0.06%
2 Weeks5.12%
1 Month-0.9%
3 Month11.04%
6 Month4.21%
12 Month-16.57%
2 Year-6.15%
3 Year-23.39%
5 Year-1.77%
10 Year203.71%
15 Year699.52%
Volatility
ATR(14)1.56
ATR(20)%1.92%
ATR Inc3.71%
Range Today1.77
ADR(20)1.45
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.86
Mansfield-0.05
10 Day High78.53
10 Day Low72.42
20 Day High78.53
20 Day Low72.42
52 Week High95.25
52 Week Low58.93
CS1 End76.26
CR1 Start78.23
Volume & EV
DER(3)-0.96%
DER(5)-0.33%
Volume3.08M
Volume Incr1.76%
Vol(5)4.07M
Vol(50)4.40M