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Archive
- 4/17/2025 -
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Eversource (ES) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Eversource (ES). During the week, the ES gained 1.12 points, or 1.99%, and closed at 57.44 on Thursday, April 17, 2025. It was the best weekly gain since February 21, 2025. Weekly volume was 20% above 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 downtrend had started on December 14, 2022 at 87.71 and reached 52.03 on November 1, 2023. ES lost 35.68 points, or 40.68%, in 46 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 55.34 and resistance is at 62.63. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See ES medium-term trend chart]
A medium-term downtrend had started on February 25, 2025 at 64.37 and reached 52.28 on April 9, 2025. ES lost 12.09 points, or 18.78%, in 6 weeks. The price is now at the 42.68% retracement level.
 Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 3, 2025 at 63.50 and reached 52.28 on April 9, 2025. ES lost 11.22 points, or 17.67%, in 6 days. The price is now at the 45.99% retracement level.
Daily Technical Indicators: [See ES daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 3, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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