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Archive
- 9/7/2018
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Consolidated Edison
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Consolidated Edison (ED). During the week, the ED gained 1.15 points, or 1.46%, and closed at 80.08 on Friday, September 07, 2018. Weekly volume was 8% above average.

ED 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 ED long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 32.56 and reached 89.70 on December 11, 2017. ED gained -57.14 points, or -175.49%, in 457 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 72.18 and resistance is at 90.49. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ED medium-term trend chart]
A medium-term downtrend had started on December 11, 2017 at 89.70 and reached 71.12 on June 12, 2018. ED lost 18.58 points, or 20.71%, in 26 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (68.85) 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 medium-term trend.

Weekly Technical Indicators: [See ED weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 22, 2018. Use the following link to access a MACD help.

Short-term trend: [See ED short-term trend chart]
A short-term uptrend had started on August 28, 2018 at 78.29 and reached 81.55 on September 6, 2018. ED gained -3.26 points, or -4.16%, in 9 days. The price is now at the 45.09% retracement level.

Daily Technical Indicators: [See ED daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above 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) 43.84
Williams' Percentage Range (W%R) 21.90
Lane's Stochastic (%D-Slow) 71.38
Greed/Fear Indicator (GFI) 64.45
Moving Average Converg./Diverg. (MACD) 0.35 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.35
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 78.21
Greed/Fear Indicator (GFI) 77.46
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 90.49
Upper Bollinger Band 81.20
Daily Stochastic Crossing 80.94
Weekly Stochastic Crossing 80.18
Price 80.08
20 Day Moving Average 79.59
50 Day Moving Average 78.91
Parabolic System 78.47
Lower Bollinger Band 77.83
Quarterly Trendline Resistance 72.31
Yearly Trendline Support 72.18
Quarterly Trendline Support 68.85
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 78.29
Low Date 08/28/2018
High 81.55
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.01
Low Date 07/24/2018
High 81.55
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.12
Low Date 06/12/2018
High 81.55
High Date 09/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 72.31
Support 68.85
High 89.70
High Date 12/11/2017
Low 71.12
Low Date 06/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.49
Support 72.18
Low 32.56
Low Date 03/09/2009
High 89.70
High Date 12/11/2017
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.

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