|
|
Advanced TA SearchArchive
- 5/10/2024 -
Sign In to see current Signals. |
Edison Int'l (EIX) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Edison Int'l (EIX). During the week, the EIX gained 2.55 points, or 3.53%, and closed at 74.89 on Friday, May 10, 2024. It was the best weekly gain since March 8, 2024. EIX was trading at average weekly trading volume.
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 75.09 on May 10, 2024. EIX gained -31.46 points, or -72.11%, in 216 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 61.08 and resistance is at 80.75. 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 75.09 on May 10, 2024. EIX gained -11.94 points, or -18.91%, in 12 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EIX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. 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 April 16, 2024 at 66.56 and reached 75.09 on May 10, 2024. EIX gained -8.53 points, or -12.82%, in 24 days. Price is near the trend high.
 Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up.
| |
|
|