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Archive
- 9/4/2026 -
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Eversource (ES) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Eversource (ES). During the week, the ES climbed 0.21 points, or 0.30%, and closed at 71.05 on Friday, September 4, 2026. Weekly volume was -27% below average.
ES is a member of Utilities Sector. Utilities is the most oversold sector. ES is a member of Multi-Utilities Industry. Multi-Utilities is the sixth most oversold industry. 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 ES long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 52.28 and reached 76.57 on July 28, 2026. ES gained -24.29 points, or -46.46%, in 67 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (74.20) 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 ES medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 76.57 and reached 69.60 on September 2, 2026. ES lost 6.97 points, or 9.10%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (69.57) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 21, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See ES short-term trend chart]
A short-term downtrend had started on August 18, 2026 at 73.01 and reached 69.60 on September 2, 2026. ES lost 3.41 points, or 4.67%, in 15 days. The price is now at the 42.52% retracement level.
Daily Technical Indicators: [See ES daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
The distance between the Bollinger Bands (3.77%) is close to one year low (3.47%). It is 58.58% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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