The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 7/6/2018
Sign In to see current Signals.
Consolidated Edison
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic bullish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Consolidated Edison (ED). During the week, the ED gained 1.52 points, or 1.95%, and closed at 79.50 on Friday, July 06, 2018. Weekly volume was -19% below 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 73.11 and resistance is at 90.61. 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 uptrend had started on March 20, 2014 at 52.23 and reached 89.70 on December 11, 2017. ED gained -37.47 points, or -71.74%, in 194 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 77.64 and resistance is at 93.85. 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 medium-term trend.

Weekly Technical Indicators: [See ED weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 weekly MACD line is above its signal line since June 22, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ED short-term trend chart]
A short-term downtrend had started on April 30, 2018 at 80.82 and reached 71.12 on June 12, 2018. ED lost 9.70 points, or 12.00%, in 43 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (67.93) 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. ED 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 short-term trend.

Daily Technical Indicators: [See ED daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since June 15, 2018. The distance between MACD and the signal line is relatively high, but getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 100.00
Strong Overbought
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 90.96
Strong Overbought
Greed/Fear Indicator (GFI) 94.74
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.18
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 41.43
Bullish
Greed/Fear Indicator (GFI) 58.52
Moving Average Converg./Diverg. (MACD) -1.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 93.85
Yearly Trendline Resistance 90.61
Upper Bollinger Band 81.71
Price 79.50
Daily Stochastic Crossing 79.40
Parabolic System 77.97
Quarterly Trendline Support 77.64
Monthly Trendline Resistance 76.43
50 Day Moving Average 76.07
20 Day Moving Average 75.75
Weekly Stochastic Crossing 75.20
Weekly Trendline Resistance 73.45
Yearly Trendline Support 73.11
Lower Bollinger Band 71.76
Monthly Trendline Support 70.49
Weekly Trendline Support 67.93
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.12
Low Date 06/12/2018
High 79.57
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 73.45
Support 67.93
High 80.82
High Date 04/30/2018
Low 71.12
Low Date 06/12/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 76.43
Support 70.49
High 89.70
High Date 12/11/2017
Low 71.12
Low Date 06/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 93.85
Support 77.64
Low 52.23
Low Date 03/20/2014
High 89.70
High Date 12/11/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.61
Support 73.11
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.

Copyright© 2004-2016 All rights reserved.