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- 5/23/2025 -
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Consolidated Edison (ED) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold area
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It was the negative week for the Consolidated Edison (ED). During the week, the ED gave back -0.19 points, or -0.18%, and closed at 104.10 on Friday, May 23, 2025. ED was trading at average weekly trading volume.

ED 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 ED long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 32.56 and reached 114.90 on April 4, 2025. ED gained -82.34 points, or -252.89%, in 838 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 89.29 and resistance is at 112.04. 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 ED medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 78.10 and reached 114.90 on April 4, 2025. ED gained -36.80 points, or -47.12%, in 129 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 88.92 and resistance is at 110.35. 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 medium-term trend.

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

The weekly MACD line is above its signal line since February 21, 2025. 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 ED short-term trend chart]
A short-term downtrend had started on April 4, 2025 at 114.90 and reached 97.78 on May 14, 2025. ED lost 17.12 points, or 14.90%, in 40 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 96.17 and resistance is at 110.76. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ED 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. 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 Lane's Stochastic help.

The daily MACD line is below its signal line since April 23, 2025. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 38.06
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 65.22
Greed/Fear Indicator (GFI) 48.46
Moving Average Converg./Diverg. (MACD) -1.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.23
Williams' Percentage Range (W%R) 38.10
Lane's Stochastic (%D-Slow) 57.29
Greed/Fear Indicator (GFI) 57.20
Moving Average Converg./Diverg. (MACD) 2.81
Trading Signals
Description Value Chart
Upper Bollinger Band 114.18
Yearly Trendline Resistance 112.04
Weekly Trendline Resistance 110.76
Quarterly Trendline Resistance 110.35
50 Day Moving Average 108.29
20 Day Moving Average 106.93
Weekly Stochastic Crossing 106.44
Price 104.10
Daily Stochastic Crossing 103.42
Parabolic System 98.18
Lower Bollinger Band 98.03
Weekly Trendline Support 96.17
Yearly Trendline Support 89.29
Quarterly Trendline Support 88.92
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 97.78
Low Date 05/14/2025
High 106.08
High Date 05/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 110.76
Support 96.17
High 114.90
High Date 04/04/2025
Low 97.78
Low Date 05/14/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.28
Low Date 01/13/2025
High 114.90
High Date 04/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 110.35
Support 88.92
Low 78.10
Low Date 10/13/2022
High 114.90
High Date 04/04/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 112.04
Support 89.29
Low 32.56
Low Date 03/09/2009
High 114.90
High Date 04/04/2025
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.