The Greedy Trader Weekly Analysis
Sign In Apr 20, 2018
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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 sectorBroken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved below its signal lineA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a first positive week for the Edison Int'l (EIX). During the week, the EIX climbed 0.06 points, or 0.09%, and closed at 63.44 on Friday, April 13, 2018. Weekly volume was -6% below average.

EIX is a member of Utilities Sector. Utilities is the second 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 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 (73.49) 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 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 65.27 on March 19, 2018. EIX gained -7.64 points, or -13.26%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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 23, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 2, 2018 at 64.11 and reached 62.09 on April 3, 2018. EIX lost 2.02 points, or 3.15%, in 1 days. The chart has formed a Rectangle chart pattern. The trend support level is at 62.21 and resistance is at 64.30. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (63.89) comes close to the price (63.44). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.36
Williams' Percentage Range (W%R) 59.70
Lane's Stochastic (%D-Slow) 54.02
Greed/Fear Indicator (GFI) 52.21
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.01
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 56.33
Greed/Fear Indicator (GFI) 43.55
Moving Average Converg./Diverg. (MACD) -4.07
Trading Signals
Description Value Chart
Yearly Trendline Support 73.49
Weekly Trendline Resistance 64.30
Upper Bollinger Band 64.24
Parabolic System 63.89
Price 63.44
20 Day Moving Average 63.14
Daily Stochastic Crossing 63.05
Weekly Stochastic Crossing 62.66
Weekly Trendline Support 62.21
50 Day Moving Average 61.56
Lower Bollinger Band 61.45
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Electric Utilities 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 62.60
Low Date 04/12/2018
High 63.80
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 64.30
Support 62.21
High 64.11
High Date 04/02/2018
Low 62.09
Low Date 04/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.63
Low Date 02/09/2018
High 65.27
High Date 03/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.38
High Date 11/15/2017
Low 57.63
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 82.05
Support 73.49
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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