The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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Edison Int'l
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Edison Int'l (EIX). During the week, the EIX gave back -0.62 points, or -0.94%, and closed at 65.64 on Friday, July 13, 2018. Weekly volume was -26% below average.

EIX 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 EIX long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 23.09 and reached 83.38 on November 15, 2017. EIX gained -60.29 points, or -261.11%, in 453 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (74.88) 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 long-term trend.

Medium-term trend: [See EIX medium-term trend chart]
A medium-term downtrend had started on November 15, 2017 at 83.38 and reached 57.63 on February 9, 2018. EIX lost 25.75 points, or 30.88%, in 12 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (58.87) 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. EIX 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 medium-term trend.

Weekly Technical Indicators: [See EIX 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. 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 March 23, 2018. Use the following link to access a MACD help.

Short-term trend: [See EIX short-term trend chart]
A short-term uptrend had started on June 11, 2018 at 58.60 and reached 66.54 on July 6, 2018. EIX gained -7.94 points, or -13.55%, in 25 days. The price is now at the 11.34% retracement level.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 14, 2018. This is an indication that the short-term trend is up.

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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 74.56
Williams' Percentage Range (W%R) 11.90
Overbought
Lane's Stochastic (%D-Slow) 69.94
Greed/Fear Indicator (GFI) 77.54
Moving Average Converg./Diverg. (MACD) 0.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.85
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 50.62
Greed/Fear Indicator (GFI) 63.67
Moving Average Converg./Diverg. (MACD) -2.28
Trading Signals
Description Value Chart
Yearly Trendline Support 74.88
Upper Bollinger Band 67.65
Parabolic System 66.43
Daily Stochastic Crossing 65.74
Price 65.64
Weekly Stochastic Crossing 63.40
20 Day Moving Average 63.26
50 Day Moving Average 62.11
Lower Bollinger Band 59.76
Quarterly Trendline Support 58.87
Monthly Trendline Resistance 58.74
Quarterly Trendline Resistance 57.90
Monthly Trendline Support 56.90
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.67
Low Date 07/10/2018
High 65.86
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.60
Low Date 06/11/2018
High 66.54
High Date 07/06/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 58.74
Support 56.90
High 66.60
High Date 04/24/2018
Low 58.60
Low Date 06/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 57.90
Support 58.87
High 83.38
High Date 11/15/2017
Low 57.63
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 83.44
Support 74.88
Low 23.09
Low Date 03/06/2009
High 83.38
High Date 11/15/2017
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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