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Advanced TA SearchArchive
- 4/19/2024 -
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Edison Int'l (EIX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Edison Int'l (EIX). During the week, the EIX gained 1.30 points, or 1.89%, and closed at 69.93 on Friday, April 19, 2024. Weekly volume was -24% 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 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 60.83 and resistance is at 80.50. 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 71.33 on April 8, 2024. EIX gained -8.18 points, or -12.95%, in 7 weeks. The price is now at the 17.11% retracement 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 8, 2024. 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 EIX short-term trend chart]
A short-term downtrend had started on April 8, 2024 at 71.33 and reached 66.56 on April 16, 2024. EIX lost 4.77 points, or 6.69%, in 8 days. The price is now at the 70.65% retracement level.
Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. 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 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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