The Greedy Trader Weekly Analysis
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Daily MACD Divergence:Bearish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 5/17/2024 -
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Edison Int'l (EIX) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
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It was a fifth consecutive positive week for the Edison Int'l (EIX). During the week, the EIX gained 1.41 points, or 1.88%, and closed at 76.30 on Friday, May 17, 2024. Weekly volume was -28% below average.

EIX is a member of Utilities Sector. Utilities is the most overbought 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 uptrend had started on March 16, 2020 at 43.63 and reached 76.39 on May 17, 2024. EIX gained -32.76 points, or -75.09%, in 217 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 61.16 and resistance is at 80.83. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See EIX medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 63.15 and reached 76.39 on May 17, 2024. EIX gained -13.24 points, or -20.97%, in 13 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EIX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 16, 2024 at 66.56 and reached 76.39 on May 17, 2024. EIX gained -9.83 points, or -14.77%, in 31 days. Price is near the trend high.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.29
Overbought
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.61
Overbought
Greed/Fear Indicator (GFI) 91.55
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.52
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.18
Overbought
Greed/Fear Indicator (GFI) 82.26
Overbought
Moving Average Converg./Diverg. (MACD) 0.62
Trading Signals
Description Value Chart
Yearly Trendline Resistance 80.83
Upper Bollinger Band 77.18
Price 76.30
Daily Stochastic Crossing 76.11
Weekly Stochastic Crossing 75.70
Parabolic System 74.50
20 Day Moving Average 72.96
50 Day Moving Average 70.79
Lower Bollinger Band 69.29
Yearly Trendline Support 61.16
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.56
Low Date 04/16/2024
High 76.39
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.56
Low Date 04/16/2024
High 76.39
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.15
Low Date 02/13/2024
High 76.39
High Date 05/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.82
Low Date 10/06/2023
High 76.39
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.83
Support 61.16
Low 43.63
Low Date 03/16/2020
High 76.39
High Date 05/17/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.