The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Edison Int'l (EIX) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :MACD bearish divergenceThe 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 third consecutive positive week for the Edison Int'l (EIX). During the week, the EIX climbed 0.09 points, or 0.13%, and closed at 70.82 on Friday, April 5, 2024. Weekly volume was -11% below average.

Long-term trend: [See EIX long-term trend chart]
A long-term uptrend had started on March 16, 2020 at 43.63 and reached 74.92 on May 1, 2023. EIX gained -31.29 points, or -71.72%, in 163 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 60.67 and resistance is at 80.34. 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 EIX medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 63.15 and reached 71.26 on April 5, 2024. EIX gained -8.11 points, or -12.84%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (71.51) 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 medium-term trend.

Weekly Technical Indicators: [See EIX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. 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 March 4, 2024 at 66.26 and reached 71.26 on April 5, 2024. EIX gained -5.00 points, or -7.55%, in 32 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.

The daily MACD line is above its signal line since April 4, 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 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 (3.73%) is close to one year low (3.57%). It is 57.89% 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) 63.19
Williams' Percentage Range (W%R) 55.10
Lane's Stochastic (%D-Slow) 72.74
Greed/Fear Indicator (GFI) 60.27
Moving Average Converg./Diverg. (MACD) 0.57 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.28
Williams' Percentage Range (W%R) 34.60
Lane's Stochastic (%D-Slow) 69.82
Greed/Fear Indicator (GFI) 60.84
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Yearly Trendline Resistance 80.34
Weekly Trendline Resistance 71.89
Weekly Trendline Support 71.51
Price 70.82
Upper Bollinger Band 70.75
Daily Stochastic Crossing 70.30
20 Day Moving Average 69.57
Weekly Stochastic Crossing 69.32
Parabolic System 69.11
Lower Bollinger Band 68.10
50 Day Moving Average 67.91
Yearly Trendline Support 60.67
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Electric Utilities 45
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 66.26
Low Date 03/04/2024
High 71.26
High Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 71.89
Support 71.51
Low 63.15
Low Date 02/13/2024
High 71.26
High Date 04/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.25
High Date 01/08/2024
Low 63.15
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.82
Low Date 10/06/2023
High 73.25
High Date 01/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.34
Support 60.67
Low 43.63
Low Date 03/16/2020
High 74.92
High Date 05/01/2023
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.