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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.