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Electric Utilities Industry Stocks Technical Analysis - EDArchive
- 7/17/2026 -
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Consolidated Edison (ED) Technical Analysis
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| Summary:
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| | It was a first positive week for the Consolidated Edison (ED). During the week, the ED gained 1.25 points, or 1.12%, and closed at 112.37 on Friday, July 17, 2026. Weekly volume was -17% below average.
ED 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 ED long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 32.56 and reached 116.23 on March 17, 2026. ED gained -83.67 points, or -256.97%, in 888 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 93.28 and resistance is at 116.03. 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 ED medium-term trend chart]
A medium-term downtrend had started on March 17, 2026 at 116.23 and reached 102.82 on June 4, 2026. ED lost 13.41 points, or 11.54%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 99.54 and resistance is at 113.64. 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 medium-term trend.
 Weekly Technical Indicators: [See ED weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
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 ED short-term trend chart]
A short-term uptrend had started on June 4, 2026 at 102.82 and reached 115.26 on July 7, 2026. ED gained -12.44 points, or -12.10%, in 33 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ED daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
 Candlestick pattern: [See ED candlestick chart pattern]
On Friday the chart has formed a Bearish Meeting Lines Candlestick pattern. This pattern appears in an uptrend and is a sign that a potential bearish reversal is in play. The reliability of the Bearish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Meeting Lines Candlestick pattern during the last week.
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