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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Archive
- 1/5/2018
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Edison Int'l
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Summary:
Weekly :Oversold sectorOversold industryRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineMACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the Edison Int'l (EIX). During the week, the EIX gave back -0.26 points, or -0.41%, and closed at 62.98 on Friday, January 05, 2018. Weekly volume was 77% above average.

EIX is a member of Utilities Sector. Utilities is the most oversold sector. EIX is a member of Electric Utilities Industry. Electric Utilities is the ninth most oversold industry. 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 (72.00) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EIX may retest the broken support line. It is considered to be a resistance 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 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 62.03 on January 5, 2018. EIX lost 21.35 points, or 25.61%, in 7 weeks. Price is near the trend low.

Weekly Technical Indicators: [See EIX weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 1, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EIX short-term trend chart]
A short-term downtrend had started on December 19, 2017 at 71.11 and reached 62.03 on January 5, 2018. EIX lost 9.08 points, or 12.77%, in 17 days. The price is now at the 10.46% retracement level.

Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since November 21, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The distance between the Bollinger Bands is 237.01% higher then one year average. It indicates the period of high volatility of the stock price. 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) 29.76
Williams' Percentage Range (W%R) 94.70
Strong Oversold
Lane's Stochastic (%D-Slow) 10.07
Oversold
Greed/Fear Indicator (GFI) 15.05
Oversold
Moving Average Converg./Diverg. (MACD) -3.51 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.20
Oversold
Williams' Percentage Range (W%R) 97.20
Strong Oversold
Lane's Stochastic (%D-Slow) 17.08
Oversold
Greed/Fear Indicator (GFI) 18.76
Oversold
Moving Average Converg./Diverg. (MACD) -0.70
Trading Signals
Description Value Chart
50 Day Moving Average 74.51
Upper Bollinger Band 74.38
Yearly Trendline Support 72.00
20 Day Moving Average 66.92
Parabolic System 64.56
Weekly Stochastic Crossing 64.49
Price 62.98
Daily Stochastic Crossing 62.39
Lower Bollinger Band 60.07
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 71.11
High Date 12/19/2017
Low 62.03
Low Date 01/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.11
High Date 12/19/2017
Low 62.03
Low Date 01/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.96
High Date 12/01/2017
Low 62.03
Low Date 01/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.38
High Date 11/15/2017
Low 62.03
Low Date 01/05/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 80.56
Support 72.00
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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