The Greedy Trader Weekly Analysis
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Archive
- 4/12/2019
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Consolidated Edison
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Summary:
Weekly :Overbought sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Consolidated Edison (ED). During the week, the ED gave back -0.26 points, or -0.31%, and closed at 84.55 on Friday, April 12, 2019. It was the worst weekly loss since February 15, 2019. Weekly volume was -39% 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 74.64 and resistance is at 92.96. 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 Symmetric Triangle chart pattern. The downtrend resistance line (74.21) 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 15, 2019. The distance between MACD and the signal line is relatively high, but getting smaller. 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 March 27, 2019 at 85.87 and reached 83.55 on April 1, 2019. ED lost 2.32 points, or 2.70%, in 5 days. The price is now at the 43.10% retracement level.

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

The daily MACD line is below its signal line since March 18, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (84.82) comes close to the price (84.55). It indicates that the trend is getting weaker. 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.

The distance between the Bollinger Bands (2.37%) is close to one year low (2.22%). It is 66.34% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 46.29
Williams' Percentage Range (W%R) 64.40
Lane's Stochastic (%D-Slow) 39.79
Greed/Fear Indicator (GFI) 40.55
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.56
Overbought
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 89.21
Overbought
Greed/Fear Indicator (GFI) 79.81
Moving Average Converg./Diverg. (MACD) 0.99
Trading Signals
Description Value Chart
Yearly Trendline Resistance 92.96
Upper Bollinger Band 85.14
Weekly Stochastic Crossing 84.90
Parabolic System 84.82
Price 84.55
20 Day Moving Average 84.49
Daily Stochastic Crossing 84.22
Lower Bollinger Band 83.15
Quarterly Trendline Resistance 82.58
50 Day Moving Average 82.37
Yearly Trendline Support 74.64
Quarterly Trendline Support 74.21
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 85.87
High Date 03/27/2019
Low 83.55
Low Date 04/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.30
Low Date 01/14/2019
High 85.87
High Date 03/27/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.12
Low Date 06/12/2018
High 85.87
High Date 03/27/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 82.58
Support 74.21
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 92.96
Support 74.64
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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