The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Edison Int'l
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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 38.2% retracement levelBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third consecutive positive week for the Edison Int'l (EIX). During the week, the EIX gained 0.90 points, or 1.54%, and closed at 59.32 on Friday, January 11, 2019. Weekly volume was -23% 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 downtrend had started on November 15, 2017 at 83.38 and reached 45.50 on November 12, 2018. EIX lost 37.88 points, or 45.43%, in 51 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See EIX medium-term trend chart]
A medium-term downtrend had started on October 9, 2018 at 71.00 and reached 45.50 on November 12, 2018. EIX lost 25.50 points, or 35.92%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (56.44) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since November 9, 2018. This is an indication that the medium-term trend is down. 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 January 2, 2019 at 55.34 and reached 59.43 on January 10, 2019. EIX gained -4.09 points, or -7.39%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since November 28, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 54.39
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 88.67
Overbought
Greed/Fear Indicator (GFI) 75.76
Moving Average Converg./Diverg. (MACD) -0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.58
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 49.13
Greed/Fear Indicator (GFI) 48.54
Moving Average Converg./Diverg. (MACD) -1.59
Trading Signals
Description Value Chart
Upper Bollinger Band 60.45
Price 59.32
Daily Stochastic Crossing 59.07
50 Day Moving Average 58.53
20 Day Moving Average 57.67
Parabolic System 56.55
Quarterly Trendline Support 56.44
Quarterly Trendline Resistance 55.57
Lower Bollinger Band 55.25
Weekly Stochastic Crossing 53.20
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 147
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.34
Low Date 01/02/2019
High 59.43
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.34
Low Date 01/02/2019
High 59.43
High Date 01/10/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.43
Low Date 12/26/2018
High 59.43
High Date 01/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 55.57
Support 56.44
High 71.00
High Date 10/09/2018
Low 45.50
Low Date 11/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.38
High Date 11/15/2017
Low 45.50
Low Date 11/12/2018
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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