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Electric Utilities Industry Stocks Technical Analysis - EDArchive
- 6/5/2026 -
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Consolidated Edison (ED) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Consolidated Edison (ED). During the week, the ED climbed 0.63 points, or 0.60%, and closed at 106.26 on Friday, June 5, 2026. ED was trading at average weekly trading volume.
 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 92.90 and resistance is at 115.64. 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 uptrend had started on December 8, 2025 at 94.96 and reached 116.23 on March 17, 2026. ED gained -21.27 points, or -22.40%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (118.06) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ED may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See ED weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since April 24, 2026. Use the following link to access a MACD help.
 Short-term trend: [See ED short-term trend chart]
A short-term downtrend had started on April 2, 2026 at 115.86 and reached 102.82 on June 4, 2026. ED lost 13.04 points, or 11.25%, in 63 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See ED daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
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.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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