The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/13/2026 -
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Edison Int'l (EIX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Price is near the Fibonacci 38.2% retracement level
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It was the negative week for the Edison Int'l (EIX). During the week, the EIX gave back -0.03 points, or -0.04%, and closed at 71.73 on Friday, March 13, 2026. Weekly volume was 13% above 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 June 17, 2025 at 47.73 and reached 75.50 on February 24, 2026. EIX gained -27.77 points, or -58.18%, in 36 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (59.51) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See EIX medium-term trend chart]
A medium-term downtrend had started on February 24, 2026 at 75.50 and reached 68.77 on March 9, 2026. EIX lost 6.73 points, or 8.91%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (71.22) 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 EIX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 April 17, 2025. 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 March 12, 2026 at 70.61 and reached 72.43 on March 13, 2026. EIX gained -1.82 points, or -2.58%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 3, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.99
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 38.63
Greed/Fear Indicator (GFI) 42.00
Moving Average Converg./Diverg. (MACD) 2.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.32
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 89.15
Overbought
Greed/Fear Indicator (GFI) 78.74
Moving Average Converg./Diverg. (MACD) 2.31
Trading Signals
Description Value Chart
Upper Bollinger Band 74.41
Weekly Stochastic Crossing 73.55
Parabolic System 72.94
20 Day Moving Average 72.72
Price 71.73
Monthly Trendline Resistance 71.61
Monthly Trendline Support 71.22
Daily Stochastic Crossing 71.17
Lower Bollinger Band 67.64
50 Day Moving Average 66.27
Quarterly Trendline Resistance 64.86
Quarterly Trendline Support 59.51
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.61
Low Date 03/12/2026
High 72.43
High Date 03/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.61
Low Date 03/12/2026
High 72.43
High Date 03/13/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 71.61
Support 71.22
High 75.50
High Date 02/24/2026
Low 68.77
Low Date 03/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 64.86
Support 59.51
Low 47.73
Low Date 06/17/2025
High 75.50
High Date 02/24/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.77
High Date 09/04/2024
Low 47.73
Low Date 06/17/2025
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.