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Advanced TA SearchArchive
- 4/5/2024 -
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Consolidated Edison (ED) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Consolidated Edison (ED). During the week, the ED dropped -1.16 points, or -1.28%, and closed at 89.65 on Friday, April 5, 2024. Weekly volume was -16% below average.
 Long-term trend: [See ED long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 102.21 and reached 78.10 on October 13, 2022. ED lost 24.11 points, or 23.59%, in 4 weeks. The price is now at the 47.91% retracement level.
 Medium-term trend: [See ED medium-term trend chart]
A medium-term downtrend had started on January 10, 2024 at 94.78 and reached 85.85 on March 1, 2024. ED lost 8.93 points, or 9.42%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (89.73). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ED weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 1, 2024 at 85.85 and reached 91.73 on April 2, 2024. ED gained -5.88 points, or -6.85%, in 32 days. The price is now at the 35.37% retracement level.
Daily Technical Indicators: [See ED daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 27, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
The price is close to 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.
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