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Advanced TA SearchArchive
- 4/19/2024 -
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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 gained 3.14 points, or 3.54%, and closed at 91.77 on Friday, April 19, 2024. Weekly volume was 102% above 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 downtrend had started on September 12, 2022 at 102.21 and reached 78.10 on October 13, 2022. ED lost 24.11 points, or 23.59%, in 4 weeks. The price is now at the 56.70% retracement level.
 Medium-term trend: [See ED medium-term trend chart]
A medium-term downtrend had started on January 10, 2024 at 94.78 and reached 85.85 on March 1, 2024. ED lost 8.93 points, or 9.42%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (88.47) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ED weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 28, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 March 1, 2024 at 85.85 and reached 92.53 on April 19, 2024. ED gained -6.68 points, or -7.78%, in 49 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See ED daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish 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.
During the last week, the price has moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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