EDWARDS LIFESCIENCES CORP (EW) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EW • US28176E1082
Taking everything into account, EW scores 0 out of 10 in our technical rating. EW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, EW is a bad performer in the overall market: 75% of all stocks are doing better.
- In the last month EW has a been trading in the 76.37 - 86.19 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- EW has an average volume of 3570790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- EW is part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry, EW did better than 61% 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.
The technical rating of EW is bad and it also does not present a quality setup 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.
More info and screens
71.92
When analyzing the support we can see 2 important areas.
- Support @77.04 from a horizontal line in the weekly time frame.
- A support zone ranging from 72.65 to 73.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @77.75 from a trend line in the weekly time frame.
- A resistance zone ranging from 86.18 to 86.94. 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 | NEUTRAL | NEUTRAL | The long term trend for EW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EW is down. |
| ChartMill Relative Strength | 25.41 | NEGATIVE | EW has a low relative strength, it was outperformed by 74.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EW is below a declining 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 | MIXED | The current price of EW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.78 | NEUTRAL | The RSI value for EW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests EW has a negative trend. |
| Stochastics (14,3) | 8.11 | OVERSOLD | The low Stochastics value suggests EW may be oversold. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for EW suggests some volalility. |
| Average Directional Index/ADX (14) | 24.67 | NEUTRAL | The ADX value for EW suggests a possible start of a new trend. |
77.05
+0.25 (+0.33%)
EDWARDS LIFESCIENCES CORP / EW FAQ
What is the technical rating for EW stock?
ChartMill assigns a technical rating of 0 / 10 to EW.
What is the trend direction for EW stock?
The current trend direction for EDWARDS LIFESCIENCES CORP (EW) is Bearish.
What is the RSI signal for EDWARDS LIFESCIENCES CORP (EW) stock?
EDWARDS LIFESCIENCES CORP (EW) has an RSI value of 30.779. 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 -0.633941, indicating a bearish trend.