The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Edison Int'l
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the Edison Int'l (EIX). During the week, the EIX gained 1.62 points, or 2.39%, and closed at 69.30 on Friday, October 05, 2018. Weekly volume was -34% below average.

Long-term trend: [See EIX long-term trend chart]
A long-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 (59.56) 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 long-term trend.

Medium-term trend: [See EIX medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 57.63 and reached 70.62 on August 17, 2018. EIX gained -12.99 points, or -22.54%, in 27 weeks. The price is now at the 10.16% retracement level.

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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 70.62 on August 17, 2018. EIX gained -12.02 points, or -20.51%, in 67 days. The chart has formed a Rising Pennant chart pattern. The trend support level is at 67.89 and resistance is at 69.60. A Rising Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Rising Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Pennant pattern in a short-term trend.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (3.98%) is close to one year low (3.95%). It is 56.58% 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) 55.97
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 69.14
Greed/Fear Indicator (GFI) 65.60
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.98
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 54.69
Greed/Fear Indicator (GFI) 65.17
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Weekly Trendline Resistance 69.60
Price 69.30
Upper Bollinger Band 69.29
Daily Stochastic Crossing 68.85
Weekly Stochastic Crossing 68.24
20 Day Moving Average 67.90
Weekly Trendline Support 67.89
50 Day Moving Average 67.55
Lower Bollinger Band 66.52
Parabolic System 66.44
Quarterly Trendline Support 59.56
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Electric Utilities 103
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 69.90
High Date 09/21/2018
Low 66.05
Low Date 09/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Valid
Resistance 69.60
Support 67.89
Low 58.60
Low Date 06/11/2018
High 70.62
High Date 08/17/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.63
Low Date 02/09/2018
High 70.62
High Date 08/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 48.73
Support 59.56
High 83.38
High Date 11/15/2017
Low 57.63
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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