The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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Consolidated Edison
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldTrend support at 76.22
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Consolidated Edison (ED). During the week, the ED dropped -1.87 points, or -2.38%, and closed at 76.69 on Friday, April 13, 2018. Weekly volume was 8% above average.

ED is a member of Utilities Sector. Utilities is the second 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 72.08 and resistance is at 89.58. 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 price is near the trend support (76.22) 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 ED weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since December 22, 2017. The distance between MACD and the signal line is low and getting smaller. 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 March 2, 2018 at 73.73 and reached 79.39 on April 6, 2018. ED gained -5.66 points, or -7.68%, in 35 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (77.05) 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 short-term trend.

Daily Technical Indicators: [See ED daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.83
Williams' Percentage Range (W%R) 72.90
Lane's Stochastic (%D-Slow) 32.40
Greed/Fear Indicator (GFI) 38.79
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.13
Williams' Percentage Range (W%R) 82.70
Oversold
Lane's Stochastic (%D-Slow) 48.64
Greed/Fear Indicator (GFI) 37.63
Moving Average Converg./Diverg. (MACD) -1.46
Trading Signals
Description Value Chart
Yearly Trendline Resistance 89.58
Weekly Trendline Resistance 79.90
Parabolic System 79.20
Upper Bollinger Band 78.86
20 Day Moving Average 77.35
Weekly Trendline Support 77.05
Weekly Stochastic Crossing 76.84
Daily Stochastic Crossing 76.83
Price 76.69
50 Day Moving Average 76.61
Quarterly Trendline Support 76.22
Lower Bollinger Band 75.60
Yearly Trendline Support 72.08
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Diversified Utilities 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.39
High Date 04/06/2018
Low 76.07
Low Date 04/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 79.90
Support 77.05
Low 73.73
Low Date 03/02/2018
High 79.39
High Date 04/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.70
High Date 12/11/2017
Low 73.73
Low Date 03/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 92.43
Support 76.22
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 89.58
Support 72.08
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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