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Advanced TA SearchArchive
- 4/26/2024 -
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Edison Int'l (EIX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Edison Int'l (EIX). During the week, the EIX climbed 0.21 points, or 0.30%, and closed at 70.14 on Friday, April 26, 2024. Weekly volume was 25% above 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 60.91 and resistance is at 80.59. 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 71.53 on April 26, 2024. EIX gained -8.38 points, or -13.27%, in 10 weeks. The price is now at the 16.59% 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, 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 uptrend had started on April 16, 2024 at 66.56 and reached 71.53 on April 26, 2024. EIX gained -4.97 points, or -7.47%, in 10 days. The price is now at the 27.97% retracement level.
 Daily Technical Indicators: [See EIX daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily 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 and Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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