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Archive - 3/15/2024 - Sign In to see current Signals. |
Edison Int'l (EIX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Edison Int'l (EIX). During the week, the EIX gave back -0.47 points, or -0.68%, and closed at 68.80 on Friday, March 15, 2024. Weekly volume was -15% below average. EIX is a member of Utilities Sector. Utilities is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See EIX long-term trend chart] A long-term downtrend had started on May 1, 2023 at 74.92 and reached 58.82 on October 6, 2023. EIX lost 16.10 points, or 21.49%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 51.76 and resistance is at 72.78. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend. Medium-term trend: [See EIX medium-term trend chart] A medium-term uptrend had started on October 6, 2023 at 58.82 and reached 73.25 on January 8, 2024. EIX gained -14.43 points, or -24.53%, in 13 weeks. The price is now at the 30.84% retracement level. Weekly Technical Indicators: [See EIX weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help. Short-term trend: [See EIX short-term trend chart] A short-term uptrend had started on February 13, 2024 at 63.15 and reached 70.30 on March 13, 2024. EIX gained -7.15 points, or -11.32%, in 29 days. The price is now at the 20.98% retracement level. Daily Technical Indicators: [See EIX daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 15, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Utilities |
1 |
Industry |
Electric Utilities |
24 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
63.15 |
Low Date |
02/13/2024 |
High |
70.30 |
High Date |
03/13/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
73.25 |
High Date |
01/08/2024 |
Low |
63.15 |
Low Date |
02/13/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
58.82 |
Low Date |
10/06/2023 |
High |
73.25 |
High Date |
01/08/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Broadening Descending Wedge |
Status |
Valid |
Resistance |
72.78 |
Support |
51.76 |
High |
74.92 |
High Date |
05/01/2023 |
Low |
58.82 |
Low Date |
10/06/2023 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
43.63 |
Low Date |
03/16/2020 |
High |
74.92 |
High Date |
05/01/2023 |
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