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Uptrend SupportArchive
- 3/27/2026 -
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Eversource (ES) Technical Analysis
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| Summary:
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| | It was a first positive week after 3 consecutive negative weeks for the Eversource (ES). During the week, the ES gained 0.92 points, or 1.38%, and closed at 67.59 on Friday, March 27, 2026. ES was trading at average weekly trading volume.
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 52.44 and resistance is at 77.74. 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 (68.46) 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 trend support level is at 64.01 and resistance is at 70.41. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ES daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 5, 2026. This is an indication that the short-term trend is down.
 Candlestick pattern: [See ES candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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