The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Eversource (ES) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend support at 69.01
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Eversource (ES). During the week, the ES climbed 0.50 points, or 0.72%, and closed at 69.97 on Friday, April 10, 2026. Weekly volume was -26% below average.

ES 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 ES long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 52.03 and reached 76.41 on February 27, 2026. ES gained -24.38 points, or -46.86%, in 121 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 52.45 and resistance is at 77.94. A Broadening Ascending 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ES medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 63.45 and reached 76.41 on February 27, 2026. ES gained -12.96 points, or -20.43%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (69.01) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 20, 2026. Use the following link to access a MACD help.

Short-term trend: [See ES short-term trend chart]
A short-term downtrend had started on February 27, 2026 at 76.41 and reached 66.32 on March 20, 2026. ES lost 10.09 points, or 13.21%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (59.85) 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 short-term trend.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.98
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 79.15
Greed/Fear Indicator (GFI) 68.90
Moving Average Converg./Diverg. (MACD) -0.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.53
Williams' Percentage Range (W%R) 45.00
Lane's Stochastic (%D-Slow) 41.02
Greed/Fear Indicator (GFI) 49.27
Moving Average Converg./Diverg. (MACD) 1.19
Trading Signals
Description Value Chart
Monthly Trendline Resistance 80.29
Yearly Trendline Resistance 77.94
Upper Bollinger Band 73.93
50 Day Moving Average 71.12
Daily Stochastic Crossing 70.52
Price 69.97
20 Day Moving Average 69.59
Weekly Stochastic Crossing 69.57
Monthly Trendline Support 69.01
Parabolic System 68.18
Weekly Trendline Resistance 67.71
Lower Bollinger Band 66.13
Weekly Trendline Support 59.85
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Multi-Utilities 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.32
Low Date 03/20/2026
High 71.20
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 67.71
Support 59.85
High 76.41
High Date 02/27/2026
Low 66.32
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 80.29
Support 69.01
Low 63.45
Low Date 11/20/2025
High 76.41
High Date 02/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.28
Low Date 04/09/2025
High 76.41
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 77.94
Support 52.45
Low 52.03
Low Date 11/01/2023
High 76.41
High Date 02/27/2026
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.