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Downtrend Broken Resist.Archive
- 10/23/2026 -
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Eversource (ES) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a fourth positive week after 3 consecutive negative weeks for the Eversource (ES). During the week, the ES climbed 0.61 points, or 0.91%, and closed at 67.46 on Friday, October 23, 2026. Weekly volume was 28% above average.
 Long-term trend: [See ES long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 52.28 and reached 76.57 on July 28, 2026. ES gained -24.29 points, or -46.46%, in 67 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (76.27) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See ES medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 76.57 and reached 62.72 on September 28, 2026. ES lost 13.85 points, or 18.09%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (63.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ES may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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 August 21, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See ES short-term trend chart]
A short-term uptrend had started on September 28, 2026 at 62.72 and reached 68.08 on October 23, 2026. ES gained -5.36 points, or -8.55%, in 25 days. The price is now at the 11.57% retracement level.
 Daily Technical Indicators: [See ES daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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